Federal Reserve Expands Main Street Loan Facilities The Federal Reserve Board has expanded its Main Street Lending Program, promulgated under the CARES Act, to allow more small and medium-sized businesses to take advantage of the support. Particularly, by extending the maturity from four to five years and extending the payment deferral from one to two
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As many states start to ease or lift many of the restrictions that forced businesses to cease operations during the COVID-19 outbreak, companies across the country are poised to restart their businesses. A plethora of legal issues – including with respect to employees – will be facing employers as they pursue a “return to normal.”
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The below instructions provide updated interim guidance to Compliance Safety and Health Officers (CSHOs) for enforcing the requirements of 29 CFR Part 1904 with respect to the recording of occupational illnesses, specifically cases of COVID-19. This guidance is intended to be time-limited to the current COVID-19 public health crisis. Please frequently check OSHA’s webpage at
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Due to COVID-19, the IRS has relaxed mid-year election changes for employer-provided health coverage and flexible spending accounts during 2020. Flexible spending accounts with grace periods or plan years ending in 2020 may permit reimbursements for expenses incurred through Dec. 31, 2020. Implementing the relaxed rules could place financial burden on companies. The IRS recently
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The Small Business Administration (SBA) recently released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions that provide much-needed insight for PPP borrowers and lenders. The SBA also issued an additional interim final rule to address uncertainty concerning the treatment of foreign affiliates created by previous SBA guidance. SBA Loan Forgiveness Application and Instructions
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For Immediate Release Media Contact: David Seckman CEO/President 703-663-1200 [email protected] McLean, VA May 5, 2020 – The Food Processing Suppliers Association (FPSA), owners of the global food equipment and technology show PROCESS EXPO, has reached an agreement with Messe Frankfurt, Inc. The North American subsidiary of German-based Messe Frankfurt will assume responsibility of all aspects
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By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. 4501 et seq.) (the “Act”), and section 301 of title 3, United States Code, it is hereby ordered as follows: Section 1.  Policy.  The 2019 novel (new) coronavirus known as
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(issued April 27, 2020) Workers involved in meat and poultry processing are not exposed to SARS-CoV-2 through the meat products they handle. However, their work environments—processing lines and other areas in busy plants where they have close contact with coworkers and supervisors—may contribute substantially to their potential exposures. The risk of occupational transmission of SARS-CoV-2
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(as April 24, 2020) On April 24th, President Trump signed into law a multibillion-dollar amendment to the CARES Act as the depth of the economic impacts of the COVID-19 crisis continues to become more apparent. The amendment includes increased funding for small businesses and financial institutions, and healthcare entities. The original act, which was passed
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(as April 15, 2020) A new program announced by the Federal Reserve, aptly called the Main Street Program, will facilitate $600 billion in loans to businesses and nonprofit organizations that were in good financial standing before the COVID-19 crisis. The programs offer four-year loans to companies and entities with up to 10,000 employees or with
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