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Congress Passes $1.9 Trillion COVID-19 Relief Package

President Biden signs relief bill into law and begins implementation. President Biden has now signed the American Rescue Plan Act, a $1.9 trillion investment and stimulus package designed to address the ongoing COVID-19...more

President Biden’s “American Rescue Plan”

Last week, President Biden released a fact sheet summarizing a proposed $1.9 trillion COVID-19 stimulus package, which promises to have a broad reaching impact on U.S. businesses. The proposal includes a $15 billion grant...more

CARES Act Funding Begins to Reach Cities and Counties

Commerce Department’s Economic Development Administration has started disbursing some of its allocated $1.5 billion in recovery assistance for local communities to address the impacts of the COVID-19 pandemic. The U.S....more

U.S. Subsidiaries of Foreign Companies Can Also Benefit from the CARES Act

Multijurisdictional groups seeking relief should consider restrictions that might impact cashflows from U.S. companies to its foreign affiliates. U.S. subsidiaries of non-U.S. companies can obtain access to various relief...more

Texas: State and Local COVID-19 Social Distancing Measures

Aiming to protect public health within a large and diverse geography and an independent-minded culture, Texas responds to the COVID-19 pandemic with an evolving patchwork of state and local social distancing orders. To date,...more

The Treasury Loan Window Is Opening: Are You Ready?

With $454 billion about to be distributed, interested companies need to be prepared. The Treasury Department is nearly ready to begin granting loans and other support to mid- to large -sized companies, municipalities and...more

New $500 Billion Treasury Loan Programs Under the CARES Act Provide COVID-19 Relief for Private Sector Business

The CARES Act appropriates $500 billion in U.S. Department of Treasury loans and loan guarantees for mid-sized and large businesses, states and municipalities, in addition to the $350 billion it appropriates for small...more

COVID 19: Analysis of the Coronavirus Aid, Relief, and Economic Security (CARES) Act

The $2 Trillion Stimulus Package will provide financial assistance and loan programs to all corners of the economy. The U.S. Senate passed a massive aid package designed to provide aid to states, industry and workers...more

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