On March 11, 2021, President Biden signed into law the $1.9 trillion COVID-19 relief package, the American Rescue Plan Act of 2021, Pub. L. No. 117-2 (the “ARPA”). ARPA includes $350 billion in aid for state and local...more
On Thursday, March 12, 2021, President Biden signed into law a $1.9 trillion COVID-19 relief package, H.R. 1319, the American Rescue Plan of 2021 (the “ARP”). The ARP includes $350 billion in aid for state and local...more
On June 8, 2020, the Federal Reserve announced that it is expanding the Main Street Lending Program (the “Program”) to allow more businesses to participate and to provide greater flexibility to borrowers in repaying loans...more
On May 27, 2020, the Federal Reserve Bank of Boston (the “Boston FRB”), which will administer the Federal Reserve’s Main Street Lending Program (the “Program”), released updates to the Federal Reserve’s Frequently Asked...more
On May 27, 2020, the Federal Reserve Bank of Boston (the “Boston FRB”), the entity that will administer the Federal Reserve’s Main Street Lending Program (the “Program”), released additional details of the Program, most...more
The Federal Reserve Bank of Boston (the “Boston FRB”), which will oversee the administration of the Federal Reserve’s Main Street Lending Program (the “Program”), has released updates to the Federal Reserve’s Frequently Asked...more
On April 30, 2020, the Federal Reserve released updated details of the Main Street Lending Program (the “Program”) in response to substantial input from market participants, industry groups and other stakeholders on the...more
On April 30, 2020, the Federal Reserve released updated details with respect to the Main Street Lending Program (the “Program”) in response to input from market participants, industry groups and other stakeholders on the...more
On April 9, 2020, the Federal Reserve and the Secretary of the Treasury announced, pursuant to Title IV of the Coronavirus Aid, Relief, and Economic Security Act, or “CARES Act” and Section 13(3) of the Federal Reserve Act,...more