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
3/12/2021
/ Affordable Housing ,
American Rescue Plan Act of 2021 ,
Child Care ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Economic Injury Disaster Loans ,
Economic Stimulus ,
Families First Coronavirus Response Act (FFCRA) ,
Immigrants ,
Joe Biden ,
Mortgages ,
Paycheck Protection Program (PPP) ,
Public Health ,
Public Schools ,
Relief Measures ,
Rental Assistance Programs ,
Restaurant Industry ,
State Aid ,
Vaccinations ,
Virus Testing
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
1/21/2021
/ Biden Administration ,
Budget Reconciliation ,
Clean Energy ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Economic Stimulus ,
Educational Institutions ,
Families First Coronavirus Response Act (FFCRA) ,
Popular ,
Public Utility ,
Relief Measures ,
Sick Leave ,
Small Business ,
Small Business Loans ,
Technology Sector ,
Tenants ,
Vaccinations ,
Venture Capital
After months of deadlock, a $900 billion stimulus package promises direct payments, unemployment benefits and small business aid.
On December 27, President Trump signed into law a $900 billion COVID relief package and a...more
1/4/2021
/ CARES Act ,
Centers for Disease Control and Prevention (CDC) ,
Coronavirus/COVID-19 ,
Economic Impact Payments ,
Economic Injury Disaster Loans ,
Economic Stimulus ,
Employee Retention ,
Eviction ,
Fraud ,
Moratorium ,
Pandemic Unemployment Assistance (PUA) ,
Pandemic Unemployment Emergency Compensation (PUEC) ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SNAP Program ,
Tax Credits ,
Unemployment Benefits ,
Vaccinations
With potential gridlock in Congress and a national public health and economic crisis requiring immediate action, businesses can expect President-elect Biden to take swift action by using his executive power upon taking...more
12/23/2020
/ Biden Administration ,
Climate Change ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Defense Production Act ,
Executive Powers ,
Foreign Policy ,
Immigration Reform ,
Loan Forgiveness ,
OSHA ,
Popular ,
Public Health Emergency ,
Public Policy ,
Student Loans
President-Elect Biden won a mandate to bring normalcy back to government and to seek bipartisan compromise where possible.
The makeup of the U.S. Senate may limit the Biden Administration’s ability to deliver its most...more
11/10/2020
/ Biden Administration ,
Coronavirus/COVID-19 ,
Education Reform ,
Energy Sector ,
Environmental Policies ,
Ethics ,
Executive Powers ,
Financial Services Industry ,
Foreign Policy ,
Gig Economy ,
Healthcare Reform ,
Infrastructure ,
Political Campaigns ,
Popular ,
Social Media Policy ,
Tax Reform ,
Trade Policy
Despite fundamentally different approaches and worldviews, the candidates make remarkably similar diagnoses of what historical issues must be addressed.
Despite the combative rhetoric over President Trump’s use of tariffs...more
10/30/2020
/ CFIUS ,
China ,
Coronavirus/COVID-19 ,
Donald Trump ,
Fair Trade Agreements (FTA) ,
Foreign Policy ,
Free Trade Agreements ,
International Trade ,
Joe Biden ,
Supply Chain ,
Tariffs ,
Trade Wars ,
Trans-Pacific Partnership ,
United States-Mexico-Canada Agreement (USMCA)
The DFC represents an important new financing source for companies investing in emerging markets overseas, as well as in projects in the U.S. that enhance the domestic response to COVID-19.
The recently launched DFC has up...more
Democrats and Republicans launch negotiations, each envisioning a broad-scale extension of previous efforts to stem the economic damage from COVID-19.
Senate Republicans and House Democrats have both put forth proposals...more
8/3/2020
/ Affordable Care Act ,
CARES Act ,
Child Tax Credit ,
Coronavirus/COVID-19 ,
Earned Income Credit ,
Economic Impact Payments ,
Employee Retention ,
Families First Coronavirus Response Act (FFCRA) ,
Federal Pandemic Unemployment Compensation (FPUC) ,
Financial Stimulus ,
Medicaid ,
Pandemic Emergency Unemployment Compensation (PEUC) ,
Pandemic Unemployment Assistance (PUA) ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SNAP Program ,
Supply Chain
The President has signed into law the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act), which proposes to extend the period borrowers must spend the forgivable Paycheck Protection Program (PPP) loans...more
Authorities are clamping down on financial crime, and the art market needs to understand and satisfy its compliance obligations as COVID-19 results in heightened criminal activity.
Increasing regulation in the sector means...more
On May 15, 2020, the Small Business Administration (SBA) published the application form that Paycheck Protection Program (PPP) borrowers will submit to their banks when they apply for forgiveness of their PPP loans. The...more
5/19/2020
/ Applications ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
FTEs ,
Loan Forgiveness ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
U.S. Treasury
As confirmation hearings are held for Special Inspector General for Pandemic Recovery, the DOJ announces its first major indictments for violations of the CARES Act.
DOJ and Leaders in Congress are turning to aggressive...more
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
Latest stimulus reopens SBA emergency loan programs.
Latest stimulus bill provides over $300 billion in additional funds for the SBA’s Paycheck Protection Program and Emergency Injury Disaster Loans, allowing the program...more
Additional corporate credit facilities under the CARES Act for corporate debt and corporate bonds issued by eligible issuers.
Treasury will provide $75 billion in equity to the PMCCF and SMCCF.
...more
4/24/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Corporate Bonds ,
Debt Instruments ,
Federal Reserve ,
FRBNY ,
Primary Market Corporate Credit Facility (PMCCF) ,
Relief Measures ,
Secondary Market Corporate Credit Facility (SMCCF) ,
SPVs ,
U.S. Treasury
USDA’s Coronavirus Food Assistance Program (CFAP) promises $19 billion in direct support to farmers, ranchers and distributors whose supply chains have been critically impacted by COVID-19.
USDA announces $19 billion...more
The new facility will address the credit needs of consumers and businesses affected by COVID-19 with facilitated issuance of asset-backed securities.
The Federal Reserve will make available up to $100 billion of...more
Loans of $25 million to $150 million now available for mid- to large-sized businesses -
The Treasury Department and Federal Reserve has announced two new lending programs, as well as additional investment in and expansion...more
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
4/8/2020
/ Banks ,
Business Closures ,
Business Interruption ,
CARES Act ,
Compliance ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Families First Coronavirus Response Act (FFCRA) ,
Federal Loans ,
Financial Stimulus ,
Healthcare ,
Lenders ,
Lending ,
Liquidity ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Unemployment Insurance
In January, the EU launched itself into the new decade with the unveiling of its Green Deal: an extensive plan of ambitious climate targets and reforms culminating in a carbon neutral Europe by 2050. There have been debates...more
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
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
The $8.3 billion in emergency funding signed into law on March 6 is sure to be only the beginning as the government responds to the coronavirus outbreak.
$8.3 billion in emergency funding is available to fight COVID-19...more
3/12/2020
/ Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Economic Downturn ,
Emergency Management Plans ,
Federal Funding ,
Health and Safety ,
Infectious Diseases ,
Public Health ,
Public Policy ,
Tax Relief ,
Trump Administration