As predicted, the Senate has officially passed the latest Coronavirus relief package. The Paycheck Protection Program and Health Care Enhancement Act, colloquially referred to as “Phase 3.5” or “CARES Act II,” will contribute just under half a trillion dollars for critical economic and public health initiatives. The $484 billion legislation […]
Category: Client Advisory
The House of Representatives passed two bills in early March that supporters hope will encourage affordable housing development. HR 4351, the Yes in My Backyard (YIMBY) Act and HR 5931, the Improving FHA Support for Small Dollar Mortgages Act, both passed the House on voice vote with bi-partisan support and […]
Areas of Focus:
Real Estate
Washington Update: April 21
04.21.2020
Late night negotiations between House Speaker Nancy Pelosi, Senate Democratic Leader Chuck Schumer, Treasury Secretary Steve Mnuchin, and White House Chief of Staff Mark Meadows on legislation replenishing the funds for the Paycheck Protection Program (PPP) have been productive. By nearly all accounts, a deal approaching nearly half a trillion […]
Washington Update: April 20
04.20.2020
While the pandemic continues to ravage parts of our country, the signature economic recovery program for small businesses, the Paycheck Protection Program (PPP), ran out of funds last week. Congress began this week with some optimism for a new deal. House Democrats awoke this morning to find a note from […]
In light of the unprecedented disruptions associated with COVID-19, the U.S. Securities and Exchange Commission (the “SEC”) has recently released a number of public statements providing advice and regulatory relief to public companies due to the impact of COVID-19. NYSE Waiver of Shareholder Approval Requirements In an measure to provide […]
Areas of Focus:
Corporate
