News & Analysis as of

CARES Act Trump Administration New Legislation

McDermott Will & Emery

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

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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

Schwabe, Williamson & Wyatt PC

Consolidated Appropriations Act, 2021: Tax Update

On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (the “Act”). The Act, which includes the COVID-19-related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax...more

Bradley Arant Boult Cummings LLP

How to Provide Employees $26,250 in Nontaxable Student Loan Repayment Assistance

The Taxpayer Certainty and Disaster Tax Relief Act, recently passed as part of the “Consolidated Appropriations Act, 2021,” has significantly extended the tax exclusions for employer-paid student loan repayment assistance...more

Bradley Arant Boult Cummings LLP

Retirement Plan Provisions in the New COVID-19 Relief Acts

The recently enacted COVID-19 Related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, both of which are part of the “Consolidated Appropriations Act, 2021,” includes the following...more

Sheppard Mullin Richter & Hampton LLP

The Reauthorization and Revival of the Paycheck Protection Program and Economic Injury Disaster Loan Program under the Economic...

[Update: This article has been updated since its initial publication on December 31, 2020.] On December 27, 2020, President Donald Trump signed into law the Consolidated Appropriations Act, 2021 (the 2021 Consolidated...more

Schwabe, Williamson & Wyatt PC

Ten Things to Know About the PPP Loan Forgiveness Applications - Update #7

Below are ten important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness ‎Applications and the detailed instructions for the applications posted on June 16, 2020, and October 8, 2020, ‎as well as...more

Perkins Coie

Employee Benefit Provisions in the Consolidated Appropriations Act, 2021

Perkins Coie on

President Donald Trump signed into law the Consolidated Appropriations Act, 2021 (the Omnibus Bill) on December 27, 2020. The Omnibus Bill has received a great deal of media coverage due to its massive size (nearly 6,000...more

Bass, Berry & Sims PLC

Newly Enacted End of Year Legislation Has Impact on Healthcare Providers

Bass, Berry & Sims PLC on

On December 27, President Trump signed into law the Consolidated Appropriations Act, 2021 (Act), which was passed by Congress the evening of December 21, after weeks of negotiation. The lengthy legislation, totaling in at...more

McDermott Will & Emery

COVID Relief Bill: Key PPP Eligibility Issues Loom Large for New and Second Draw Loans

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The COVID-19 relief bill opens the door to new aid for small businesses under the Paycheck Protection Program (PPP). This is welcome news to small businesses throughout the country, but—as detailed below—there are significant...more

Bowditch & Dewey

PPP Flexibility Act of 2020

Bowditch & Dewey on

On Friday June 5, President Trump signed into law the Paycheck Protection Flexibility Act which makes the following tweaks to the original terms of the Paycheck Protection Loan Program. EXTENSION OF THE COVERED PERIOD ...more

Ruder Ware

Trump Signs Favorable PPP Changes Into Law

Ruder Ware on

A few moments ago President Trump signed HR Bill 7010 into law, which we summarized for you in an alert yesterday. We also need to clarify that all of the revised and amended PPP terms apply to all existing and new PPP loans...more

Foley Hoag LLP - Medicaid and the Law

The COVID-19 Pandemic and Implications for Medicaid

Since the COVID-19 pandemic began to seriously affect the United States in March, Congress has passed four major pieces of legislation to address the public health crisis. CMS has also jumped into action and has issued a...more

Foley & Lardner LLP

Employers Who Inadvertently Violated the FFCRA Have a Short Reprieve – Until April 17

Foley & Lardner LLP on

With the Families First Coronavirus Response Act (“the Act”) a reality, covered employers should remember and take refuge in the DOL’s March 24, 2020, announcement that it will not bring legal action against employers that...more

Coblentz Patch Duffy & Bass

CARES Act: What Companies and Taxpayers Need to Know

On March 27, 2020, Congress approved and the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748). In addition to the Families First Coronavirus Response Act (FFCRA) upon which we...more

Robinson & Cole LLP

Employers Take Note of the CARES Act: More Paid Sick and Family Leave Legislation in Response to Coronavirus

Robinson & Cole LLP on

As the novel coronavirus (COVID-19) continues to sweep the nation, the "Families First Coronavirus Response Act" (FFCRA) was approved by Congress and signed into law by the President on March 18, 2020, in an attempt to...more

Ballard Spahr LLP

FFCRA Updates: DOL Guidance Keeps on “Rolling”

Ballard Spahr LLP on

This alert incorporates the guidance issued by the United States Department of Labor (DOL) on March 28, 2020 and updated on March 29, 2020, with our prior alerts related to FFCRA leave. We have removed those prior FFCRA...more

Seyfarth Shaw LLP

Paid Leave and Coronavirus—Part X: Families First Act Updated FAQs and OMB Reviewing Final Regulation

Seyfarth Shaw LLP on

Seyfarth Synopsis: The Families First Coronavirus Response Act (“FFCRA” or the “Act”) goes into effect tomorrow April 1, 2020. As covered employers prepare for the Act’s paid sick time (“PST”) and paid family medical leave...more

Akin Gump Strauss Hauer & Feld LLP

COVID-19 Policy Update #9

President Trump Signs $2 Trillion Phase 3 Deal - Today, President Trump signed a $2 trillion Phase 3 economic stimulus package in response to the Coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security...more

Seyfarth Shaw LLP

Seyfarth Policy Matters Newsletter - March 2020 #3

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Senate Passes Historic $2 Trillion COVID-19 Legislation; House to Vote on the Same Tomorrow. As you are well aware, the Senate last night unanimously passed a $2 trillion financial relief package, the Coronavirus Aid, Relief,...more

UB Greensfelder LLP

[Webinar] Understanding the Tax Provisions of the CARES Act - March 30th, 2:00 pm EDT

UB Greensfelder LLP on

Join Ulmer Attorneys John C. Goheen and Adam R. Watowicz as they discuss the tax provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The U.S. House of Representatives is expected to pass the...more

Ballard Spahr LLP

FFCRA Updates: U.S. Department Of Labor Issues Guidance And Congress Passes CARES Act With Amendments

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The U.S. Department of Labor (DOL) issued the first in what is anticipated to be a series of guidance regarding the leave provisions contained in the Families First Coronavirus Response Act (FFCRA)....more

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