The Consolidated Appropriations Act, 2021, extended the repayment deadline to December 31, 2021. Should you count on this in the future? Despite the precedent of tax relief from payroll taxes in the past and af
The Student Aid Index (SAI) replaced the Expected Family Contribution (EFC) starting with the 2024-25Free Application for Federal Student Aid (FAFSA). Congress enacted this change in December 2020 as part of the Consolidated Appropriations Act of 2021, whichsimplified the FAFSA. What is SAI? Th...
The Consolidated Appropriations Act of 2021 (CAA) was signed into law on Dec. 27, 2020, and included new funding for the Paycheck Protection Program (PPP), which expired on Aug. 8, 2020. The PPP was a U.S. loan program established to help small businesses affected by the economic s...
The Consolidated Appropriations Act of 2021 (the CAA) requires group health plans and health insurance carriers to attest on an annual basis that they are in compliance with the CAA’s gag clause prohibition. While the prohibition of gag clauses was ...
(PPP):The ERC and the PPP are two separate programs designed to support businesses during the pandemic. Initially, businesses were not allowed to claim both the PPP loan and the ERC for the same wages. However, with the enactment of the Consolidated Appropriations Act, businesses can now ...
27, 2020, the Consolidated Appropriations Act of 2021 allocated $22.7 billion to the Higher Education Emergency Relief Fund II, known as HEERF II. Some of that funding must be used in direct aid to students. This second iteration of relief money follows the roughly ...
The CARES Act also established the FPUC program, which provided unemployed individuals with an extra benefit of $600. This benefit was paid weekly in addition to other unemployment income until July 2020.11 This benefit was extended after the passage of theConsolidated Appropriations Act(CAA) of 20...
On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA)1 became law. The CAA contains the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). The Economic Aid Act contains numerous provisions amending the Paycheck Protection Program (PPP). ...
However, there are certain exceptions in 2021. Employers can carry over all unused funds from 2021 to 2022 thanks to provisions in the Consolidated Appropriations Act. Employers might also increase the grace period from 2.5 months to 12 months. Either option has the same result: all unused cash...
On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act, 2023, which includes the Modernization of Cosmetics Regulation Act of 2022 (MoCRA). MoCRA significantly changes the current regulatory framework for cosmetics in place since the enactment of the Federal Food, ...