Secretary Mnuchin has approved the establishment of three new facilities under section 13(3) of the Federal Reserve Act to provide liquidity to the financial system and support the flow of credit to American workers, households, and businesses. These include: The Term Asset-Backed Securities Loan Facility (TALF): under which the Federal […]
Washington Update: March 23
03.23.2020
In a major late breaking development, Senate Democrats did not vote for cloture by a 47-47 vote on the third stimulus bill that Senate Republicans had been advancing, H.R. 748, the CARES Act. Senator GOP Leader Mitch McConnell switched his vote to no so he could move to reconsider at […]
Section 252.363(1)(a), Florida Statutes, provides that certain qualifying permits and authorizations are eligible for an extension once certain States of Emergency are declared for the length of time the declaration is in effect plus an additional six (6) months. A written request for such an extension must be submitted to […]
Yesterday, Senate Republicans introduced their version of the 3rd coronavirus-focused legislative package, The Coronavirus Economic Stabilization Act of 2020. This will mark the start of negotiations, which will take place throughout the weekend with a goal of votes in the House and Senate next week. It is a lot to wade through, […]
The Florida Small Business Emergency Bridge Loan program is accepting applications for all Florida counties statewide per Executive Order 20-52 for businesses negatively impacted by the coronavirus (COVID-19). With an emergency declaration in place, bars and restaurants closing, and steep drops in sales, small businesses across sectors are facing very […]
