Today, the U.S. House passed a bill that relaxes several restrictions on companies that borrow money through the Paycheck Protection Program (PPP). The bill extends the current eight-week period during which businesses must use funds to have loans forgiven to 24 weeks or Dec. 31, whichever comes sooner. House Majority […]
The House will vote next week on a bipartisan proposal to make the popular small-business Paycheck Protection Program (PPP) more flexible and extend the time limit for using the aid, House Speaker Nancy Pelosi said today. Moving ahead on the proposal with Republican support would allow Congress to get around […]
Due to the dramatic impact that the spread of COVID-19 continues to have on businesses, the SEC approved with immediate effect a rule change proposed by the Nasdaq Stock Market to provide listed companies with a temporary exception to its shareholder approval requirements for certain private placements and a related […]
Last week, House Democrats announced their priorities for the next phase of COVID-19 response legislation by passing the Heroes Act. The bill, which is widely viewed as “dead on arrival” in the Senate and comes with a price tag of nearly $3 trillion, serves as House Democratic Leadership’s opening offer […]
Community associations across the state have been waiting for some sign of normalcy after enduring over nine weeks of extraordinary restrictions commencing when Governor Murphy announced the State of Emergency and issued Executive Order 103.
