Coronavirus/COVID-19, U.S. Treasury

2025 Tax Legislation Update: One Big Beautiful Bill Act Narrowly Passes Senate

Ropes & Gray LLP on 7/3/2025

The “One Big Beautiful Bill Act” (the “BBB”) was passed by the U.S. House of Representatives on May 22, 2025 (such version, the “House Bill”) as part of the Republican Congress’s reconciliation package. The BBB generally...more

2024 End-of-Year Plan Sponsor “To Do” List (Part 1) Health and Welfare

Snell & Wilmer on 11/15/2024

We are pleased to present our annual End of Year Plan Sponsor “To Do” Lists. This year, we present our “To Do” Lists in four separate SW Benefits Updates. This Part 1 covers year-end health and welfare plan issues. Parts 2,...more

PPP Loan Audits Could Affect Millions of Borrowers

Husch Blackwell LLP on 4/16/2024

In March 2020 during the height of the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law establishing, among other things, the Payment Protection Program (PPP) administered...more

Tribal Governments’ Flexibility with SLFR Funds

Schwabe, Williamson & Wyatt PC on 4/3/2024

On Friday, March 29, the U.S. Department of Treasury published new FAQs that address the eligible uses of State and Local Fiscal Recovery Funds by Tribal Governments. The American Rescue Plan Act provided $350 billion to...more

Treasury Department Unveils Crucial Changes to Coronavirus Relief Funds

Schwabe, Williamson & Wyatt PC on 11/21/2023

On November 20, 2024, the Treasury Department issued an interim final rule that makes changes to the regulations that govern the Coronavirus State and Local Fiscal Recovery Funds. The new rule clarifies how state, local, and...more

IRS Finalizes Rules to Collect Taxes on Erroneously Claimed Employee Retention Credits and Other COVID-19 Tax Credits

Ogletree, Deakins, Nash, Smoak & Stewart,... on 8/18/2023

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized rules for the recapture of erroneously claimed Employee Retention Credits (ERC) and other tax credits provided to employers for...more

Biden Administration Issues Proposed Reg to Clarify and Enforce Mental Health Parity Requirements

McDermott+ on 8/3/2023

Another week, a lot more regs! Last week, the US Departments of Health and Human Services, Treasury and Labor (the Departments) released a proposed reg related to mental health parity requirements for health plans. This week,...more

High Deductible Health Plan First Dollar Coverages in Flux

Foley & Lardner LLP on 7/21/2023

A recent string of lawsuits, regulatory guidance, and market trends have dramatically impacted the types of services that enjoy first dollar coverage under high deductible health plan (HDHP) and health savings account (HSA)...more

Preparing for the End of the COVID-19 Emergency: Deadline Tolling

McDermott Will & Schulte on 5/17/2023

The Biden administration previously announced its intent to end the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) on May 11, 2023 (read our series introduction for more information). On April...more

The End of the COVID Emergency and Its Impact on Group Health Plan Coverage Requirements

Husch Blackwell LLP on 5/17/2023

After nearly three years of emergency measures related to COVID-19, the U.S. government acted this spring to officially end the COVID-19 Public Health Emergency and the National Emergency. Accordingly, the Departments of...more

The End of the COVID-19 Emergency Declarations Raises Questions, but We’ve Got Answers

Verrill on 5/9/2023

It seems the COVID-19 pandemic is ending in the benefits world the same way it started: in a flurry of new laws, announcements, and notices intended to offer clarity but sowing confusion. To begin, it is important to remember...more

Preparing for the End of the COVID-19 Emergency: High-Deductible Health Plans and Health Savings Accounts

McDermott Will & Schulte on 5/2/2023

The Biden administration originally announced its intent to end the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) on May 11, 2023 (read our prior article for more information). Although the...more

Preventive Care in a Post-Braidwood World: Agencies Release Guidance on Preventive Services Coverage Requirements

Proskauer - Employee Benefits & Executive... on 4/26/2023

The Departments of Labor, Treasury, and Health and Human Services (the “Departments”) recently released guidance for group health plans on required preventive services coverage. The guidance was issued in response to a...more

President Biden Signs Bill Ending COVID-19 National Emergency

King & Spalding on 4/21/2023

Last week, President Biden signed legislation formally ending the COVID-19 national emergency that was originally declared under the Trump administration in March 2020. The bill to end the national emergency, H. J. Res. 7,...more

No Change in DOL/Treasury Guidance for Employer Health Plans Issued Before Declared End of COVID-19 National Emergency

Ogletree, Deakins, Nash, Smoak & Stewart,... on 4/20/2023

What does the April 10, 2023, early end of the COVID-19 National Emergency declaration mean for employer health plans? Well, nothing, actually....more

The End of the COVID-19 Public Health Emergency: Federal Agencies Clarify Coverage Implications for Group Health Plans

Bradley Arant Boult Cummings LLP on 4/14/2023

With the COVID-19 Public Health Emergency (PHE) set to end on May 11, 2023, the Department of Labor, Department of the Treasury, and Department of Health and Human Services (the “departments”) have published FAQs explaining...more

Treasury awards $1.73 billion to improve access to capital and financial services in underserved communities

Orrick, Herrington & Sutcliffe LLP on 4/13/2023

On April 10, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Treasury Department’s Community Development Financial Institutions (CDFIs) Fund has awarded more than $1.73...more

Client Alert: The End of the COVID-19 Emergencies: New Joint Agency FAQs Published

Jenner & Block on 4/11/2023

On March 29, 2023, the US Department of Labor, the Department of Health and Human Services and the Department of the Treasury (the “Joint Agencies”) released welcome guidance on the announced end of the COVID-19 national...more

Preparing for the End of the COVID-19 Emergency: Tri-Agencies Issue FAQs to Assist Plans and Issuers

McDermott Will & Schulte on 4/4/2023

The Biden administration has announced its intention to end the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) on May 11, 2023 (read our series introduction for more information)....more

It’s Over: DOL, Treasury, and HHS Confirm End of (Most) COVID-19 Rules for Health Plans

Proskauer - Employee Benefits & Executive... on 4/3/2023

Earlier this week, the Departments of Labor, Treasury, and Health and Human Services (the “Departments”) jointly issued guidance confirming that most COVID-19-related benefit coverage mandates, as well as the special tolling...more

Weekly IRS Roundup March 13 – March 17, 2023

McDermott Will & Schulte on 3/21/2023

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 13, 2023 – March 17, 2023...more

Preparing for the End of the Covid-19 Emergency: Coverage of Covid-19 Testing

McDermott Will & Schulte on 2/24/2023

The Biden administration has announced its intention to end the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) on May 11, 2023 (read our series introduction for more information). A key...more

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter - February 14, 2023

Lowenstein Sandler LLP on 2/20/2023

1. Reverse CFIUS Expected To Be Narrow and Only Forward-Looking Laura Black, a former Treasury Department official, recently discussed how companies should prepare for any potential U.S. outbound investment review process....more

The Long-Awaited End of the Tolling of Plan Deadlines due to COVID-19

Proskauer - Employee Benefits & Executive... on 2/9/2023

The Biden Administration recently announced that the COVID-19 National Emergency will end on May 11, 2023. This means that the requirement to extend various benefit plan deadlines due to the COVID-19 pandemic will end as...more

COVID-19 National Emergency Plan Deadline Extensions Set to End This Summer

Faegre Drinker Biddle & Reath LLP on 2/7/2023

On January 30, 2023, President Biden announced the Administration’s plan to extend the current declarations of the COVID-19 national emergency and public health emergency (PHE) through May 11, 2023, and end both emergencies...more

Coronavirus/COVID-19 › U.S. Treasury

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