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The COVID-19 pandemic has shocked financial markets around the world. As governments and private citizens implement drastic measures to slow the spread of the virus....

On March 11, 2021, President Biden signed H.R. 1319, the American Rescue Plan Act of 2021, which extends tax credits for private employers with 499 or fewer U.S. employees that voluntarily decide...

On April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act (HCEA)

On June 5, 2020, the President signed the Paycheck Protection Flexibility Act of 2020 (the "Act"), which modifies certain provisions of the Coronavirus Aid, Relief and Economic Security Act ...

The Small Business Administration's ("SBA") Interim Final Rule on Treatment of Entities with Foreign Affiliates issued May 18, 2020 ("May 18 Interim Final Rule")...

The Frankfurt Kurnit Corporate Group has been tracking developments in the Paycheck Protection Program (the "PPP"), adopted as part of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act").

The Federal Reserve's Paycheck Protection Program Liquidity Facility ("PPPLF") is now available to non-bank PPP lenders to finance Paycheck Protection Program ("PPP")...

On Thursday, October 29, HHS made the most substantial revisions to its Relief Fund Frequently Asked Questions document to date, adding or modifying 61 FAQs and deleting 78.

The Small Business Administration (SBA) has issued important guidance to Paycheck Protection Program (PPP) borrowers seeking loan forgiveness. A loan forgiveness application has been posted on the SBA website...

Ahead of a second round of lending, the Small Business Administration (SBA) announced that businesses applying for loans under the Paycheck Protection Program (PPP) must consider other sources of liquidity before certifying that they need a PPP loan.

The original intent of Congress was that the Paycheck Protection Program (PPP) would serve to disburse federal funds into the hands of many of the nation's employees.

Early Justice Department actions appear to have focused primarily on potential fraud in obtaining PPP loans.

Our previous alerts on CARES Act enforcement anticipated a wave of cases by the Department of Justice ("DOJ") charging COVID-related fraud for loans obtained through the Paycheck Protection Program ("PPP").

In Notice 2020-50, the IRS expanded eligibility for CARES Act distributions and loans, and provided additional guidance. To recap (as described here), the Coronavirus Aid, Relief, and...

To contain the coronavirus and save lives, the government has required many people to stay home and not report to work.

Congress passed the Consolidated Appropriations Act (the "Act") yesterday which includes a new round of COVID-19 stimulus. President Trump is expected to sign the Act into law this week.

On Sept. 19, the U.S. Department of Health & Human Services (HHS) issued guidance regarding reporting requirements for recipients of funds under the Public Health and Social Services Emergency Fund.

The Act also creates a new "Shuttered Venue Operator Grant" program.