Earlier this week, a federal court in New York voided four key aspects of the Department of Labor (DOL)’s regulations implementing the paid leave provisions of the Families First Coronavirus Response Act (FFCRA). Background: As you may remember, the DOL issued final FFCRA regulations on April 1, 2020- the same day that the FFCRA’s paid […]
On August 4, 2020, the U.S. Small Business Administration (SBA), in consultation with the U.S. Treasury (Treasury), issued a series of 23 Frequently Asked Questions (FAQs) relating to Paycheck Protection Program (PPP) loan forgiveness issues. The FAQs arrive four days before the current August 8, 2020, deadline for applying for a PPP loan. While many […]
Effective tomorrow (August 4, 2020) federal contractors and subcontractors must begin using the updated disability self-identification form (Form CC-305) required by U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP). The revised version of the self-ID form must be used when inviting applicants and employees to disclose whether they are an individual with […]
July 17 , 2020, the DOL issued new model notice and forms that can be used for traditional FMLA leave. Note: These new documents do not apply to leave under the Families First Coronavirus Response Act (FFCRA). On balance, we believe that the new models forms include changes that will result in less confusion and […]
On July 17, 2020, the Federal Reserve (the Fed) announced that it had finalized certain modifications to the terms of the Main Street Lending Program (MSLP) to provide greater access to credit for nonprofit organizations (NPOs), such as eligible educational institutions, hospitals and social service organizations (among other eligible NPO borrowers). The Fed had previously […]
Today, the Federal Reserve (the Fed) announced that the Main Street Lending Program (MSLP) is now fully operational. The Fed confirmed that the MSLP special purpose vehicle is ready to purchase 95% participations in eligible loans that are submitted to the program by registered lenders. The Fed encouraged lenders to begin submitting qualifying MSLP loans. […]
This week, by unanimous consent of the United States Senate and House of Representatives, Congress approved an extension of the deadline for eligible borrowers to apply for a Paycheck Protection Program (PPP) loan from June 30, 2020 until August 8, 2020. The President is expected to sign the bipartisan legislation into law shortly. Approximately $129 […]
On June 30, 2020, Governor Whitmer issued Executive Order 2020-142 (“Executive Order”), detailing the steps K-12 schools must take in order to resume in-person instruction this fall. The Executive Order was accompanied by the release of the Michigan Return to School Roadmap, which provides “required,” “strongly recommended,” and “recommended” safety and other protocols for schools […]
On June 22, 2020, President Trump issued a “Proclamation Suspending Entry of Aliens Who Present a Risk to the U.S. Labor Market Following the Coronavirus Outbreak.” https://www.whitehouse.gov/presidential-actions/proclamation-suspending-entry-aliens-present-risk-u-s-labor-market-following-coronavirus-outbreak/ That Proclamation suspends the entry of certain categories of foreign nationals seeking to temporarily enter the United States. Additionally, the Proclamation continues the April 22, 2020 Proclamation suspending […]
Late on June 22, 2020, the U.S. Small Business Administration (SBA) and Treasury Department (Treasury) published updated rulemaking regarding loan forgiveness under the Paycheck Protection Program (PPP). The latest rulemaking amends previous interim final rules (IFRs) published by SBA and Treasury in May. As with the updated PPP loan forgiveness applications made available last week, […]
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