On April 2, 2020, the Department of Treasury and the Small Business Administration (SBA) posted the Interim Final Rule implementing Sections 1102 and 1106 of the CARES Act in advance of its publication in the Federal Register. On April 3, 2020, SBA also released an overhauled Paycheck Protection Program loan application form.
The new
On March 27, 2020, President Trump signed into law the CARES Act (Senate Amendment to H.R. 748) following House passage via voice vote earlier in the day. The Senate unanimously cleared the package on Wednesday, March 25. Passage in both chambers resulted from intense negotiations among Congressional leaders and White House officials, led by Secretary
Monday, March 30 and Tuesday, March 31, 2020
Presenters: Lee Ann Anderson, Carl A. Fornaris, Barbara A. Jones, Robert Mangas, Shomari Wade, Jennifer S. Zucker
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On March 16, 2020, the U.S. House of Representatives passed the Families First Coronavirus Response Act (H.R.6201), after adding a 90-page “technical corrections amendment.” The legislation will now be considered by the U.S. Senate. It contains provisions providing for an Emergency Paid Sick Leave benefit and a Public Health Emergency Paid Leave benefit. A refundable
Third Relief Bill Expected in Coming Days
On March 6, President Trump signed into law the Coronavirus Preparedness and Response Supplemental Appropriations Act, which provides $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak.
Recent developments involving the spread of COVID-19 have continued to affect congressional and administration efforts on
On Feb. 19, 2020, the IRS released Notice 2020-12 and Revenue Procedure 2020-12 (together, the “Carbon Guidance”) which provide highly anticipated clarity on the Internal Revenue Code Section 45Q credit for carbon oxide sequestration. The Carbon Guidance provides details on determining when construction has begun on an eligible project, and valid partnership allocations (including a
On Feb. 19, 2020, the Internal Revenue Service released partial guidance on the implementation of section 45Q tax credits related to the capture and sequestration of carbon dioxide. The section 45Q tax credit was updated on Feb. 9, 2018, as part of the Bipartisan Budget Act (Pub. L. 115-123) to increase the amount of
On Jan. 9, 2020, the Trump administration’s Council on Environmental Quality (CEQ) proposed rules that would update comprehensively the regulations promulgated under the National Environmental Policy Act (NEPA) for the first time in 40 years. After 40 years there is little question that the regulations could use updating and that environmental reviews can be streamlined.
On Nov. 5, California Congresswomen Anna G. Eshoo and Zoe Lofgren introduced the Online Privacy Act of 2019, H.R. 4978, to balance the actual needs of businesses with users’ fair privacy rights and expectations. The proposed privacy bill seeks for the United States to adopt many of the requirements of the California Consumer Privacy Act (CCPA), which is effective Jan. 1, 2020, and that exist under the EU’s General Data Protection Regulation (GDPR). Below is a brief summary of the main components of the Act. A copy of the Online Privacy Act can be found here, and a section-by-section analysis by the Congresswomen can be viewed here.
Continue Reading California Congresswomen Propose New Federal Privacy Legislation – Online Privacy Act of 2019