Highlights of key provisions of the CARES Act which will impact both defined contribution (DC) and defined benefit contribution (DB) plans.
or Act) was signed into law. The Act provides much-needed financial relief to businesses in the United States. While most of the aid is limited to U.S.-based businesses, nothing released to date suggests that U.S.-incorporated subsidiaries of foreign companies will not be eligible. The ...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020, to help navigate the current challenges brought on by COVID-19. The actincludes specific programs and relief funds for tribes, as well as other general programs for which tribes or their ...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, is a massive $2 trillion stimulus package intended to help individuals and businesses weather the economic effects of the COVID-19 pandemic. Title I of the Act, the “Keeping American Workers Paid and ...
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, representing the so-called “Phase 3” of the response to the COVID-19 pandemic, as discussed in our client alert “CARES Act Provides Much-Needed Stimulus for U.S. Businesses, Ind...
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), signed into law on Friday March 27, 2020, introduced the Paycheck Protection Program (the “PPP”) with an initial $349 billion in funding and the goal of preventing job loss and small businesses failure due to losses...
The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into United States law on March 27, 2020. The CARES Act authorizes more than $2 trillion to battle COVID-19, including immediate cash relief for individual citizens, loan programs for small business, support fo...
The CARES (Coronavirus Aid, Relief, and Economic Security) Act, signed into law by President Trump on March 27, provides for extraordinary levels of public spending in an effort to assist individuals and employers during the COVID-19 health crisis. Among the act’s key provisions is a substa...
On March 27, the president signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. The $2 trillion legislative package to combat the coronavirus pandemic brings much needed economic relief to employers and employees impacted by the COVID-19 virus. Below are the highlights...
Legislation aimed at expanded criteria for the use of PPP Loans under the CARES Act, called the Paycheck Protection Program Flexibility Act of 2020, was signed into law by the President on June 5, 2020. This update to the PPP program makes it easier for businesses to qualify for loan ...