News & Analysis as of

CARES Act Proposed Legislation

McDermott Will & Emery

“Big, Beautiful Bill”: Federal Tax Bill Would Restrict the Employee Retention Credit

McDermott Will & Emery on

A sweeping federal tax bill that is currently under consideration in the US House of Representatives contains provisions that would significantly change the administration and enforcement of the Employee Retention Credit...more

McDermott+

Healthcare Preview for the Week of: July 29, 2024

McDermott+ on

Senate Staying Busy The House has started its August recess, so members are out until September 9, 2024. The Senate is in session, before joining the House in recess next week. The Senate Committee on Health, Education, Labor...more

Holland & Knight LLP

Holland & Knight Health Dose: September 21, 2022

Holland & Knight LLP on

Holland & Knight Health Dose Holland & Knight Health Dose is an in-depth weekly dose of legislative and regulatory insights to keep stakeholders abreast of happenings in Washington, D.C., impacting the health sector. This...more

ArentFox Schiff

Bankruptcy Legislation Update: Senate Passes Bill Preserving $7.5 Million Eligibility Threshold for Subchapter V

ArentFox Schiff on

The Senate has passed a bill by unanimous consent to extend the heightened debt ceiling for Subchapter V of Chapter 11. If passed by the House and signed into law, small business borrowers with up to $7,500,000 in...more

Schwabe, Williamson & Wyatt PC

Treasury Update Regarding Guidelines on Use of CARES Act Funds

On December 14, 2021, Treasury issued an important update to its guidance on use of ‎CARES Act funds. Currently, there is a deadline of December 31, 2021 to spend CARES Act ‎funds on eligible expenses. While Congress is...more

Kerr Russell

Increased Bankruptcy Debt Ceiling Set To Expire

Kerr Russell on

In February 2020, Congress established a new subchapter of Chapter 11 of the Bankruptcy Code aimed at easing the burden and costs of reorganization for small businesses. This new Subchapter V, enacted under the Small Business...more

Levenfeld Pearlstein, LLC

Legislation Introduced To Extend CARES And CAA Bankruptcy Provisions

On February 25, 2021, Senators Durbin and Grassley introduced bipartisan legislation to extend the expiration dates of certain bankruptcy provisions of the CARES Act and the Consolidated Appropriations Act to March 27, 2022. ...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - February 2021 #4

Minimum Wage Increase Booted From Stimulus Package. Even before members of the U.S. House of Representatives could vote on their $1.9 trillion stimulus package, the parliamentarian of the U.S. Senate had ruled that the...more

White and Williams LLP

Winter COVID-19 Relief Bill: Overview of Key Provisions

White and Williams LLP on

In a much needed holiday gift for businesses and individuals who continue to be affected by COVID-19, Congress finally approved a $900 billion aid package follow-up to the CARES Act (the Winter Covid-19 Relief Bill), the...more

Foley & Lardner LLP

Federal COVID Relief Bill passed by Congress - December 2020

Foley & Lardner LLP on

On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to...more

WilmerHale

Decoupling From China: Part 1 - Legislation And Funding

WilmerHale on

The COVID-19 pandemic and the serious supply chain vulnerabilities it exposed have led to a seismic shift in U.S. policy and regulation, from stepped-up measures to protect U.S. technology, intellectual property and data from...more

Sheppard Mullin Richter & Hampton LLP

Expanding Independent Contractors in California: New Law Awaits Governor’s Signature

As we have previously reported, California law utilizes the “ABC” test to determine if workers are employees or independent contractors for purposes of the Labor Code, the Unemployment Insurance Code, and the wage orders of...more

Pillsbury Winthrop Shaw Pittman LLP

Paycheck Protection Forgiveness and Compliance—10 Frequently Asked Questions

Considerations for PPP borrowers as they apply for loan forgiveness - As the Paycheck Protection Program (PPP) enters its forgiveness phase—where many borrowers have exhausted or are about to exhaust their loans and will...more

Bass, Berry & Sims PLC

SBA Releases New Guidance on PPP Loan Forgiveness

On August 4, the Small Business Administration (SBA) released new FAQs related to Paycheck Protection Program (PPP) loan forgiveness. The FAQs provide interpretive guidance regarding PPP loan forgiveness applications,...more

WilmerHale

Weekly COVID-19 Oversight & Enforcement Report - July 2020 #5

WilmerHale on

Senate Republicans unveiled an approximately $1 trillion virus relief package. The “Heals Act,” which differs significantly from the legislation House Democrats passed last month, includes more than $100 billion for schools -...more

Akin Gump Strauss Hauer & Feld LLP

COVID-19 Policy Update #22

With Introduction of HEALS Act, Bipartisan Negotiations on Phase 4 Begin in Earnest: An Analysis of the House and Senate Positions - Senate Republicans on Monday unveiled their next COVID-19 response legislation in the...more

Downs Rachlin Martin PLLC

Proposed Legislation Expedites PPP Forgiveness for Loans Under $150K

A new bill is now pending in the Senate which enhances lender protections and facilitates forgiveness for those PPP borrowers receiving PPP loans of less than $150,000.  Proponents of the legislation have explained that the...more

Downs Rachlin Martin PLLC

2020 Mid-Year Legislative Update - DRM's Government & Public Affairs Team Mid-Year Analysis

Lawmaking in the COVID Era - The legislature adjourned on June 26 at 8:41 p.m. Sort of. After holding what was nearly the longest and certainly the strangest session in history, the legislature has really only recessed,...more

Proskauer - Whistleblower Defense

COVID-19 Whistleblower Protection Bill Introduced Into Congress

On June 15, 2020, Senator Kamala Harris and Representatives Jackie Speier and Jamie Raskin introduced the COVID-19 Whistleblower Protection Act (the “Act”), which seeks to provide protections for employees who blow the...more

Jones Day

Legislative Update - June 2020

Jones Day on

Coronavirus Aid, Relief, and Economic Security (CARES) Act - On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136 (the "CARES Act"). The...more

Perkins Coie

Proposed Legislation May Extend Period for PPP Loan Forgiveness - Meanwhile, SBA Releases Yet More Guidance

Perkins Coie on

The U.S. House of Representatives, on May 28, 2020, passed with bipartisan support H.R. 6886, referred to as the Paycheck Protection Program Flexibility Act of 2020. If passed by the U.S. Senate and signed into law, H.R. 6866...more

Foster Garvey PC

Lawmakers May Not Have Abandoned Small Businesses After All – The Paycheck Protection Program Flexibility Act of 2020 May Be Just...

Foster Garvey PC on

As I previously reported, the Paycheck Protection Program (“PPP”) was touted as providing emergency assistance (i.e., a lifeline) to restaurants and other businesses ordered to shut their doors (e.g., dental offices, bars,...more

Akin Gump Strauss Hauer & Feld LLP

Tribal Appropriations and Provisions Included in House Democrats’ Phase 4 Proposal – the HEROES Act

On Tuesday, May 12, 2020, House Democrats introduced H.R. 6800 – The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, also known as the CARES 2.0 bill. This $3 trillion package would provide additional...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - April 2020 #3

COVID-19 Congressional Update. This week, leaders in both the U.S. Senate and U.S. House of Representatives announced that neither chamber would return to Washington, D.C., until May 4, 2020, (the Senate was previously...more

Proskauer - Blockchain and the Law

Digital Dollars: Amid the COVID-19 Crisis, Support for a U.S. Digital Currency Emerges

During congressional debates over the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a relatively novel idea was the focus of proposals from the Senate and House of Representatives: “digital dollars.” Several...more

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