Tuesday, January 5, 2021
On Sunday, December 27, 2020, President Donald Trump signed the Consolidated Appropriations Act, 2021 (the “Act”). The Act combines a $1.4 trillion omnibus appropriations bill for the Federal Government for Fiscal Year 2021 and $900 billion of relief in response to the SARS-CoV-2 (“COVID-19”) pandemic.
The Act extends several critical CARES Act programs that had been due to expire on December 31, 2020, including the Paycheck Protection Program (the “PPP”) and unemployment assistance. It also clarifies rules and procedures developed by the various governmental agencies that implemented the CARES Act during the summer and fall of 2020. Finally, it adds a few new programs that may be of assistance to certain hospitality employers.
Contributing authors: Diana Kim, Kaitlyn M. Baietto
Certain provisions of the Coronavirus/COVID-19 economic stimulus legislation are subject to the issuance of government regulations and other government action; thus, certain details regarding the legislation may be clarified or added.
On December 27, 2020, a new relief bill was passed into law intended to provide much-needed economic support to assist businesses in making it through this winter. The bill, known as the “Consolidated Appropriations Act, 2021” (Act), allocates over $284 billion in funding to the Small Business Administration (SBA)‒Business Loans Program Account, which covers several relief programs. One of the programs is the Paycheck Protection Program (PPP), which was first introduced under the CARES Act
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On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the
Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic. The votes were overwhelming as the Senate passed the bill with a 92-6 vote and the House of Representatives passed it by a vote of 359-53. President Trump was widely expected to sign the legislation, but he has now stated that he will veto it unless the $600 checks sent to individuals are increased to $2,000. The legislation was passed by wide enough margins to override the veto, but it is not yet known if Congress will take that action. The future of the legislation remains uncertain for now. The relief bill was included as Division N of a larger legislative package that included govern
Wednesday, December 23, 2020
On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the
Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic. The votes were overwhelming as the Senate passed the bill with a 92-6 vote and the House of Representatives passed it by a vote of 359-53. President Trump is expected to sign the legislation into law. The relief bill was included as Division N of a larger legislative package that included government funding and other bills. The complete text of the legislative package can be found here, and it was the result of last-minute frantic negotiations. Below is a detailed summary of every provision of the COVID relief bill. You can find our Top 10 takeaways summary here.
Posted December 22, 2020 CEO, America s Newspapers
The House and Senate have passed a $900 billion relief bill that will provide direct relief to newspapers and other local news media. The bill is expected to be signed by the President today.
Sen. Maria Cantwell (D-WA) was instrumental in securing the fix that increased newspapers eligibility under the new package. “During this pandemic, local newspapers and broadcasters must continue to communicate vital COVID health data, including lifesaving information about public health guidance, the vaccines and vaccine distribution,” said Senator Cantwell.
“Local news is essential, she said. It makes our communities and our country stronger by asking important questions, providing accurate facts, and countering misinformation and disinformation. This bill will make more newspapers, TV and radio stations, and public broadcasters eligible for the Paycheck Protection Program so local reporters can keep us informed.”