Tag Archives: Coronavirus Aid Relief and Economic Security Act (CARES Act)

Philadelphia councilmembers propose bill to increase paid sick leave for many federally excluded employees

On May 1, 2020, Councilmember Kendra Brooks (At Large) announced a proposed bill, co-sponsored by Helen Gym (At Large) and Bobby Henon (6th District), that would increase the amount of paid sick leave available to workers who continue to physically report to their jobs during a “public health emergency.” This bill comes on the heels … Continue Reading

Employees refusing to return to work? The SBA offers some protection of PPP forgiveness

The SBA’s latest round of frequently asked questions (FAQs) about the Paycheck Protection Program (PPP) gives employers an important new tool to address one of the biggest challenges of trying to maximize PPP forgiveness: How to respond to employees who refuse to return to work by June 30, 2020. Loan forgiveness is the cornerstone of … Continue Reading

Newly-updated Main Street Lending Program implicates key workplace-related considerations for U.S. employers

On April 30, 2020, the Federal Reserve System, in conjunction with the U.S. Department of the Treasury, released updated guidance outlining the parameters of a program to support lending to small- and mid-sized businesses by eligible lenders.  The April 30 guidance expands on and, in several areas, supersedes prior materials published on April 9. Known … Continue Reading

Updated COVID-19 FAQs for employers with U.S. employees

The worldwide COVID-19 pandemic has had, and will continue to have, a substantial impact on the U.S. workplace. Please click here for a series of FAQs we have compiled based on some of the more common questions that clients with U.S.-based employees have posed to us within the past few weeks. These FAQs are general … Continue Reading

To RIF, or Not to RIF: How federal loans can help small and mid-size businesses under the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed on March 27, 2020, authorizing more than $2 trillion to battle COVID-19 and its economic effects on the U.S. economy. For U.S. employers, the CARES Act provides significant support in the form of loans for small businesses, a loan forgiveness program to encourage employers … Continue Reading

Counting employees under FFCRA and the CARES Act is not necessarily as easy as 1-2-3

The Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), both enacted last week, provide significant new federal benefits to small businesses and their employees. Critically, both statutes target smaller employers. To that end, they each contain provisions that are only applicable to employers with fewer than … Continue Reading
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