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To print this article, all you need is to be registered or login on Mondaq.com. April 23, 2021 – This week the Treasury Department announced a safe harbor for the deduction of expenses covered by first-round Paycheck Protection Program loans and the details of a tax credit for paid leave provided to employees receiving COVID-19 vaccinations. The Small Business Administration announced details of its Restaurant Revitalization Fund, which is due to launch shortly. There were no fiscal stimulus legislative proposals of note this week. Regulatory Developments Relating to...

To print this article, all you need is to be registered or login on Mondaq.com. This week the Small Business Administration clarified the Paycheck Protection Program (PPP) requirement that a PPP loan applicant not be involved in a bankruptcy at the time it applies for a PPP loan.  The United States Patent and Trademark Office announced it will launch an award under its Patents for Humanity Program for inventions that address the pandemic. There were no fiscal stimulus legislative proposals of note this week. Regulatory Developments Relating to the Pandemic Paycheck Pr...

To print this article, all you need is to be registered or login on Mondaq.com. March 5, 2021 – This week, the U.S. Senate began debate on the Biden Administration's $1.9 trillion economic stimulus package, while bills were introduced in the U.S. House of Representatives extending Economic Injury Disaster Loan program repayment deadlines and expanding access to the Paycheck Protection Program for farmers and ranchers. In addition, the Small Business Administration published additional Paycheck Protection Program FAQs addressing a range of specific issues. Regulatory...