CARES Act and Families First Coronavirus Response Act Updates
Originally presented: April 7, 2020
Summary: The COVID-19 global health crisis has presented challenges unlike any other. The Stevens & Lee Rapid Response Team has been monitoring developments and advising clients on the complex legal issues wrought by this pandemic.
In this two-part webinar, we addressed the key provisions of the CARES Act, including an update on recent guidance on the Paycheck Protection Program, and also discussed the temporary regulation issued by the DOL addressing the Families First Coronavirus Response Act as outlined below.
Part 1: CARES Act: Paycheck Protection Program Update
On March 31, 2020, the U.S. Small Business Administration (SBA) and U.S. Department of the Treasury provided additional guidance regarding the terms and conditions and application process for the Paycheck Protection Program (PPP), which was established by the CARES Act. We discussed the critical updates provided by this guidance and what it means to you.
Part 2: DOL Issues Temporary Regulation Addressing the Families First Coronavirus Response Act
The U.S. Department of Labor (DOL) issued its temporary regulation addressing the Families First Coronavirus Response Act (FFCRA) on April 1, 2020. The new rule is effective immediately and addresses a number of outstanding questions about how the FFCRA will work. We answered key questions about the regulation in question and answer format.
Presenters: Lisa M. Scidurlo, Co-Chair, Labor and Employment Department; Theresa M. Zechman, Shareholder; Daniel J. Sobol, Shareholder; Anthony S. DiSandro, Shareholder