Recently, the US Department of Homeland Security announced that it will modify Form I-9 requirements for certain List B documentation, in light of the fact that many state DMVs are closed and not renewing driver’s licenses and state IDs. A temporary policy was issued effective May 1st for List B identity […]
Covid-19 Information Hub
Governor Ricketts Expands Unemployment Relief In Nebraska
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 […]
IRS Issues Guidance On Expansion Of Retirement Plan Distributions And Loans
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 […]
Updated: Sources For Updates On SBA PP Loans
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, […]
Main Street Lending Program
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 […]