Covid-19 Information Hub

Governor Ricketts has expanded the State’s unemployment insurance and short-time compensation (“STC”) relief since Executive Order 20-04, the first of a series of four executive orders offering relief. (For a summary of the relief granted in Executive Order 20-04, click here). Executive Order 20-14, issued April 2, 2020, expands the work […]

On May 4, 2020, the IRS issued FAQ guidance on the expansion of retirement plan distributions and loans, as permitted by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The FAQ guidance is available here. The IRS intends to issue more formal guidance on the expanded distribution options under the […]

President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act on March 27, 2020. The Act, among other things, apportions $349 billion to the “Paycheck Protection Program” (“PPP”), which authorizes small business loans guaranteed by the Small Business Administration (“SBA”) under Section 7(a) of the Small Business Act, […]

On April 9, 2020, consistent with the CARES Act, the Federal Reserve announced multiple programs supported by the U.S. Treasury which are intended to provide additional liquidity to U.S. businesses in light of the COVID-19 pandemic, including terms for new loans and the expansion of existing loans under the Main […]

Last week, the Departments of Labor, Health and Human Services, and Treasury (collectively, the “Departments”) jointly issued helpful guidance for employee benefit plans that extend certain deadlines and offer other relief in light of the COVID-19 pandemic. HIPAA, COBRA, and Claims-Related Timeframes Delayed On April 29, 2020, the Departments jointly […]