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$900 Billion Coronavirus Relief Package Is Now Law

BRYAN JOHNSON
DECEMBER 28, 2020


Last week, Michelman & Robinson, LLP reported on the $900 billion COVID-19-related rescue package passed by Congress. As was explained in some detail here, the legislation is designed to deliver long-awaited financial assistance to small businesses, as well as to the millions of unemployed Americans in need. By its terms, the bill will also provide, among other things, housing assistance, funds for schools and colleges, and money for COVID-19 testing and vaccines, including distribution.

Yesterday (December 27), President Trump finally signed the COVID-19 relief and government funding provisions into law, after a significant delay and threatened veto over the amount of stimulus checks to be received by qualifying individuals.

Should you have any questions about how the new round of COVID-19 relief may impact you or your business, including the availability of additional PPP loans, do not hesitate to contact our COVID-19 Practice Group.


We are working diligently to keep our clients up to date on coronavirus-related developments. Nevertheless, these developments are changing daily and, in some cases even hourly, so it is important that you make sure you are dealing with the most current information. That being said, this alert is not offered, and should not be relied on, as legal advice. You should consult an attorney for guidance and counsel regarding any specific concern or situation.