Although there is no guidance on the U.S. nexus requirements described in the bullets above, based upon a plain reading of the CARES Act, the eligibility criteria generally could be met by U.S. subsidiaries of foreign companies or U.S. companies that are otherwise foreign-owned. To date, ...
The CARES Act (“Act”) enacted on March 27, 2020 provides the Treasury with $454 billion to make loans, loan guarantees and other investments in Federal Reserve programs and facilities that will give support to eligible businesses, States and municipalities. On April 9, 2020, the Federal R...
Gives the Secretary of Education authority to waive certain eligibility requirements, wait periods, and allotment requirements under the Higher Education Act for a period of time. Authorizes the Secretary of Education to modify the required and allowable uses of funds for grants and to modify any fe...
000 and 50% of the vested account balance to the lesser of $100,000 or 100% of the vested account balance for participants who meet the requirements to receive a coronavirus-related distribution (discussed above). This increase is effective...
and Economic Security Act (the CARES Act). The CARES Act aims to, among other things, provide working capital loans to small and medium-sized businesses through expanding the Small Business Administration’s (the SBA’s) loan eligibility requirements. The loan program is called the Paycheck...
In an effort to support American workers, Congress passed the new federally funded Coronavirus Aid, Relief, and Economic Security Act (CARES Act)...
What EIDL rules and requirements are being waived? What criteria will be used to determine eligibility? What emergency advances are available? Can a business with an existing EIDL Program loan apply for a Payroll Protection Program loan?
UI Eligibility and the CARES Act 2. How do workers access unemployment insurance? There are four primary ways to access unemployment insurance under the CARES Act. Regular State Unemployment Benefits A worker who is laid off or furloughed can access regular state UI benefits. The state pays these...
Our team can review your case to determine your eligibility, draft the request to be filed with the Bureau of Prisons, and troubleshoot any problems. Having an experienced team on your side can make all the difference in the world.
States would be permitted to expand eligibility to provide unemployment compensation to workers who are not normally eligible for benefits, so long as their unemployment was connected to the COVID-19 pandemic, as determined by the state and the Department of Labor. Reimbursable employers would not ...