On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CCA”), a $2.3 trillion spending bill that includes $900 billion in stimulus relief. The Act, among other things, allows borrowers to take a second PPP loan, resolves income tax deduction issues, and expands eligibility to Section 501(c)(6) organizations. For […]
Covid-19 Information Hub
Know Your Appeal Rights When You Seek Forgiveness For Your Paycheck Protection Program Loan
on Monday, 4 January 2021 in
Covid-19 Information Hub
When you are working with your lender to seek forgiveness of your Paycheck Protection Program (“PPP”) Loan, you should keep in mind your appeal rights should the Small Business Administration (“SBA”) make any number of adverse determinations regarding that PPP Loan. In August 2020, the SBA issued Interim Final Rules […]
CDC Eviction Moratorium Extended Until January 31, 2021
on Monday, 28 December 2020 in
Covid-19 Information Hub
The Consolidated Appropriations Act, 2021 (“CAA”), signed into law by President Trump on December 27, 2020, extended the CDC eviction moratorium until January 31, 2021. The “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19” was originally implemented by the CDC on September 4, 2020, with an […]
Benefits for Employers Under the New Stimulus Law
on Monday, 28 December 2020 in
Covid-19 Information Hub
After much handwringing, on December 27, 2020, President Trump signed into law H.R. 133, the Consolidated Appropriations Act, 2021 (the “Act”), a $2.3 trillion government funding measure containing a $900 billion stimulus package. One closely watched proposal that did not make it into the final stimulus package was a federal […]
COVID-19 Legislation Expands PPP, Provides Income Tax Relief to Borrowers
on Tuesday, 22 December 2020 in
Covid-19 Information Hub
On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021, a $2.3 trillion spending bill that includes $900 billion in stimulus relief. President Trump is expected to sign the bill into law. This article provides a brief summary of key provisions of the Act impacting the Paycheck Protection Program […]