Senate Passes PPP Loan Application Deadline Extension, More Than $130 Billion Still Unclaimed
Last night, the Senate unanimously passed a bill that would extend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) application deadline through August 8, 2020. The bill is now set to be taken up by the House. The PPP provides forgivable loans to cover payroll and overhead expenses for small businesses. On June 27, 2020, SBA reported that over $134 billion in unclaimed funds remained of the $669 billion program. Unless Congress repurposes them, leftover funds will be returned to the . . . Read More
DC Launches Paid Family Leave Program July 1—What Employers Need to Know
Effective today, employees in DC are eligible for paid family leave pursuant to the DC Paid Family Leave Act (the Act). Below is our brief primer on what employers need to know and what to expect when administering paid family leave. The Act is an insurance program. It does not govern whether an employee is eligible for the leave itself but whether an employee will be eligible for paid leave benefits. Whether an employee is entitled to leave itself is . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – June 23, 2020
If you have questions concerning the content below, please visit this link . Juneteenth: A National Day of Reflection, June 19, 2020 The PilieroMazza family paused to reflect and take a collective breath in remembrance of this day in our country’s history. Working with PilieroMazza’s Diversity, Equity & Inclusion Committee, we are using this time to listen, learn, and engage in discourse, and work to do better as individuals and as a team. We are honored to have an incredible team . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – June 23, 2020
If you have questions concerning the content below, please visit this link . Juneteenth: A National Day of Reflection, June 19, 2020 The PilieroMazza family paused to reflect and take a collective breath in remembrance of this day in our country’s history. Working with PilieroMazza’s Diversity, Equity & Inclusion Committee, we are using this time to listen, learn, and engage in discourse, and work to do better as individuals and as a team. We are honored to have an incredible team . . . Read More
SBA and Treasury Release New PPP Application Forms
As we reported in our previous alert , President Trump signed the Paycheck Protection Program Flexibility Act (“Flexibility Act”) into law. The bill makes numerous changes to the Paycheck Protection Program (“PPP”) aimed at improving loan forgiveness procedures and loosening restrictions on PPP funds. In accordance with the Flexibility Act, the Small Business Administration (“SBA”) and Department of the Treasury (“Treasury”) released revised application forms for businesses participating in the PPP. The new PPP application forms differ substantially from their previous . . . Read More
Landmark SCOTUS Decision Holds Title VII Prohibits Discrimination on Basis of Gender Identity and Sexual Orientation
Today, the U.S. Supreme Court ruled that employers who discriminate against gay and transgender workers violate Title VII. The Court’s 6-3 decision resolves a longstanding circuit split on this issue and extends Title VII protections to LGBTQ+ employees across the country. Justice Gorsuch drafted the majority opinion for the Court, and was joined by Chief Justice Roberts and Justices Ginsberg, Breyer, Sotomayor, and Kagan. For employers, we examine the ruling below and offer key takeaways. In its long-awaited and hotly-debated decision, the . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – June 12, 2020
If you have questions concerning the content below, please visit this link . PilieroMazza will host a series of webinars on “The Post-Coronavirus Workplace,” which will cover topics of interest for our clients who are navigating “the new normal.” Please visit this web page for updates and this link to subscribe and receive PilieroMazza webinar invitations. To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “ COVID-19 Client Resource Center .” Please contact covid19@pilieromazza.com for immediate assistance. SMALL BUSINESS PROGRAMS & ADVISORY SERVICES . . . Read More
Treasury and SBA to Make Changes Regarding Enactment of PPP Flexibility Act
On May 28, 2020, we wrote about the Paycheck Protection Program Flexibility Act (the Act), a new piece of legislation introduced in the House of Representatives. The Act’s intended purpose was to give employers more latitude regarding the use of their Paycheck Protection Program (PPP) loans while also increasing loan forgiveness in order to stimulate the economy. Since then, the Senate has passed the Act and President Trump signed it into law . On June 8, 2020, U.S. Department of the Treasury . . . Read More
Congress Approves Significant Changes to SBA’s Paycheck Protection Program
As we reported in our previous alert , the bipartisan bill the Paycheck Protection Program Flexibility Act of 2020 , was passed on May 28, 2020 by the House of Representatives. Last night, the Senate passed the bill, which now heads to President Trump for his signature. If signed into law by the President, the bill will make significant changes to SBA’s Paycheck Protection Program, including: Extend the “covered period” under which small businesses can spend the loan proceeds from eight weeks to 24 weeks or until December . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – May 29, 2020
If you have questions concerning the content below, please visit this link . COVID-19 Client Resource Center: To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “ COVID-19 Client Resource Center .” Please contact covid19@pilieromazza.com for immediate assistance. LABOR & EMPLOYMENT LAW Creating a New Normal: 5 Steps for Employers Preparing a Returning Workforce in a COVID-19 Environment, May 21, 2020, Sara Nasseri As government authorities slowly begin the reopening process, employers are now preparing to reopen facilities and return employees to their worksites. Undoubtedly, with . . . Read More