The COVID-19 pandemic has created an international and domestic economic crisis that is impacting our day-to-day business operations and industries. In response, the US federal government has enacted unprecedented legislation that affects many of us, and our firm is here to help you through these uncertain times.
Three pieces of legislation covering a broad array of issues that may be relevant and important to businesses at this time include assistance on topics such as business loans and grants, unemployment benefits, payroll and taxes, emergency disaster relief, group health insurance and more. The three sets of federal legislation that have been promulgated in response to the current pandemic and resulting economic situation are (1) The Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; (2) The Families First Act; and (3) The Coronavirus Aid, Relief, and Economic Securities Act (“CARES Act”).
The Paycheck Protection Program provides assistance to small businesses by authorizing up to $349 billion toward job retention and certain other expenses. For more information, click here:
https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
Questions remain regarding important issues impacting businesses and individuals, and our attorneys stand ready to utilize all of our resources and provide guidance. Our employment and litigation attorney, Danielle Rassoul has monitored and continues to monitor the rapidly changing landscape of these new laws and regulations to assist you during this uncertain time. Ms. Rassoul’s profile can be found here: https://glankler.com/attorneys/danielle-rassoul/.
