Publications

On October 26, 2020, the Small Business Administration (“SBA”) released a notice seeking approval from the Office of Management and Budget for certain information collection related to its Paycheck Protection Program (“PPP”). While the notice did not provide much detail, it mentioned the addition of two forms: Form 3509—Loan Necessity […]

Earlier this month, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an advisory to banks and other companies involved in addressing cyberattacks – including cyber insurance firms, digital forensics, and incidence response companies – highlighting the risks associated with ransomware payments to cyber criminals. The […]

Governor Newsom of California recently signed into law two new bills that provide clarity on two major exemptions to California’s comprehensive privacy law, the California Consumer Privacy Act (“CCPA”).  These exemptions provide clarity for business assessing their compliance obligations.  The CCPA applies to for-profit entities, located anywhere in the world, […]

Several recent proposals in Congress for data privacy and security legislation, if enacted, would have significant implications for U.S. businesses, their internet-connected products and services, and relations with the federal government.  Individual Data Privacy The Setting an American Framework to Ensure Data Access, Transparency, and Accountability (SAFE DATA) Act (S […]

The Federal income tax consequences related to Paycheck Protection Program (“PPP”) loans guaranteed by the Small Business Administration (“SBA”) continue to be an important, yet somewhat uncertain, consideration for all borrowers. Under regular Federal income tax principles, the forgiveness of a loan generally results in a business realizing cancellation of […]