october 28, 2020
october 22, 2020
October 19, 2020
october 15, 2020
october 12, 2020
october 8, 2020
october 5, 2020
september 22, 2020
september 21, 2020
September 11, 2020
august 4, 2020
july 6, 2020
july 1, 2020
- PPP Loan Deadline May Be Extended as SBA Issues New Rules Relating to Loan Forgiveness and Eligibility
- California Looks to Pass Legislation Concerning Business Interruption Coverage Due to COVID-19
June 29, 2020
June 22, 2020
- PPP Loan Forgiveness Application Forms Updated and Streamlined
- Nevada Division of Insurance to Disallow Policy Exclusions Related to COVID-19
- CDI Announces New Order Regarding Workers’ Compensation Premium Savings for CA Businesses Affected by COVID-19
june 15, 2020
june 10, 2020
- Note to the SBA: Debtors in Bankruptcy Are Eligible for PPP Loans
- California Modifies the Tolling of Statutes of Limitations in Civil Cases
june 8, 2020
June 4, 2020
may 29, 2020
may 28, 2020
may 27, 2020
- Hoteliers Beware: a Return to Business Post-Pandemic Brings With It Potential Legal Liability
- House Contemplates Revisions to the Paycheck Protection Program
may 15, 2020
may 14, 2020
- U.S. House Democrats Introduce HEROES Act, a New $3T Stimulus Package
- SAFE Banking Act for Cannabis-Related Businesses Included in the HEROES Act
may 12, 2020
may 8, 2020
- Treasury and the SBA Issue Guidance Regarding the Employee Retention Credit
- Businesses Reopen in Los Angeles County as Stage 2 of California’s Statewide Plan Begins
- Update: Large Employers Required to Pay Coronavirus-Related Sick Leave Under New L.A. County Ordinance
may 6, 2020
- SBA Extends PPP Certification Safe Harbor to May 14
- EPLI Insurance and Employee Benefits in the Age of the Coronavirus
may 5, 2020
- Update: PPP Guidance Issued by the SBA and U.S. Treasury at Odds With the CARES Act—Michelman & Robinson Files First-of-Its-Kind Lawsuit Challenging FAQs
- NAIC Issues Business Interruption Data Call in the Wake of COVID-19
may 4, 2020
may 1, 2020
april 29, 2020
- Planning for Your Employees' Return to the Workplace
- Los Angeles Hospitality Workers Among Those Thrown a Potential Lifeline
april 24, 2020
- Attention Cannabis Businesses: Hope May Be on the Horizon for Federal COVID-19-Related Relief
- California Department of Insurance Issues Notice Granting Tax-Filing Extension in Response to COVID-19
- SEC Approves Amendments to Nasdaq and NYSE Continued Listing Requirements Due to the COVID-19 Pandemic
April 23, 2020
april 21, 2020
- Additional Funding Is on the Way to Resurrect the PPP
- Certifying Your PPP Loan: Proceed With Caution
april 17, 2020
april 16, 2020
- Employment in the Wake of Coronavirus: EEOC and OSHA Guidance Allows Employers to Go Where They Could Not Go Before
- New Yorkers Ordered to Stay at Home Even Longer Amid the COVID-19 Crisis
- Paycheck Protection Program Funds Exhausted
april 15, 2020
April 14, 2020
- Insurance Companies Have Been Ordered to Provide COVID-19-Related Premium Relief to Businesses and Drivers in California
- What to Do If Your New York Business Has Been Deemed Non-Essential
APRIL 13, 2020
- IP Deadlines and Fees Extended Under the CARES Act
- Employment in the Wake of Coronavirus: Reintegrating Your Workforce in the New Normal
APRIL 10, 2020
- You Successfully Applied for and Received a PPP Loan Under the CARES Act: Now What?
- Safer at Home Order in L.A. Extended to May 15
- Maintaining Your Trade Secrets During the Coronavirus Crisis
APRIL 9, 2020
april 8, 2020
- Congress Looks to Bolster the PPP With Another $250B in Funding
- U.S. Treasury Provides Further Guidance to PPP Borrowers and Lenders
- L.A. Mayor Amends COVID-19-Related Paid Sick Leave Ordinance
april 7, 2020
April 3, 2020
april 2, 2020
april 1, 2020
March 31, 2020
march 30, 2020
- Large Employers Required to Pay Coronavirus-Related Sick Leave Under New L.A. Ordinance
- Insurance Coverage Potentially Triggered by COVID-19
- Attention Insurers: CDI Orders Mandatory Call for Business Interruption Coverage Information in the Wake of COVID-19
- DOL Is Requiring Employers to Post Families First Employee Rights Notice
March 27, 2020
- A Comprehensive Guide to Understanding Coronavirus-Related State Assistance Programs: Who is Giving What to Whom (Part II)
- HHS Relaxing Enforcement of HIPAA to Facilitate Sharing of Information During the COVID-19 Crisis
March 26, 2020
march 25, 2020
march 24, 2020
- Navigating the Coronavirus Pandemic: a Critical Business Review Checklist
- SBA Loans for Companies Impacted by Coronavirus
- SEC Relaxes Federal Proxy Rules for Annual Meetings
march 23, 2020
- Federal Reserve Responds Boldly to Coronavirus-Related Economic Downturn
- The Number of Jurisdictions Implementing Stay-at-Home Orders Is Increasing Exponentially
- Michelman & Robinson’s Guide to Coronavirus-Related Paid Sick Leave and Unemployment Insurance Laws in the Tri-State Area
MARCH 21, 2020
MARCH 20, 2020
- New York Governor’s PAUSE Order
- Illinois Governor’s Statewide Stay-at-Home Order
- Force Majeure Clauses in Commercial Real Estate Contracts
MARCH 19, 2020
- SEC Provides Regulatory Relief for Public Reporting Companies
- Student Loan Borrowers Can Breathe a Sigh of Relief, At Least Temporarily
- California Governor's Statewide Stay-At-Home Order
MARCH 18, 2020
- "Shelter in Place" Orders
- Telecommuting in the Age of Coronavirus
- Families First Coronavirus Response Act Just Passed by the Senate and Signed Into Law by the President
MARCH 17, 2020
MARCH 16, 2020
MARCH 5, 2020
Congress Is Poised to Pass a Historic Stimulus Package in Response to the Coronavirus
MARK ROBINSON
MARCH 25, 2020
The Senate has agreed to a massive stimulus bill to counter the devastating economic consequences of the coronavirus pandemic. Nearly $2T will be earmarked to provide direct financial aid to help individuals, hospitals, businesses, and state and local governments—all in an effort to flood money into the U.S. economy that has been rocked by the outbreak of COVID-19.
The relief package is, by far, the largest in U.S. history. Michelman & Robinson breaks it down.
Q. Bottom line: what will the legislation provide?
A. The available information indicates that the stimulus deal includes more than $300B for small businesses, $150B for state and local governments and $130B billion for hospitals. Additionally, the relief package provides direct payments to individual Americans.
Q. How much money will individuals be given?
A. To the best of our knowledge, $250B has been set aside for so-called “recovery rebates.” Single Americans will receive $1,200, married couples will get $2,400, and parents will be given $500 for each of their children under age 17. That being said, the contemplated payments will be less for people with adjusted gross incomes of more than $75,000, and those making more than $99,000 will not qualify at all (these thresholds are doubled for couples). Still, estimates suggest that approximately 90% of Americans will qualify to receive full or partial payments. Of note, qualifying income levels will be based on 2019 federal tax returns, if already filed, and otherwise on 2018 returns.
Q. How long will it be before those that are eligible receive their “recovery rebates”?
A. That is unclear. What we do know is that it takes a significant amount of time to get checks out after a policy—such as the one now in Congress—is put in place. The Trump administration has suggested a two-week timeframe, but recent history (rebate checks issued in connection with President George W. Bush's tax cut in 2001 and those sent amid the Great Recession in 2008) suggests it could be months before “recovery rebates” are in American pockets.
Q. Is this a done deal? Has the stimulus package been signed into law?
A. Yes, the relief has been agreed upon, yet passage of the legislation is still a work in progress. The Senate is expected to vote on the bill this afternoon (Wednesday, March 25). After Senate passage, the next step is a bit muddled. The House of Representatives is out of session, so action there could take longer, depending on whether lawmakers can agree to pass the bill by “unanimous consent,” which would require agreement from all members of the chamber. If that does not happen, members of the House (who are currently on a scheduled recess) will need to be called back for an in-person vote, which could add some time to the process. Nevertheless, once both chambers vote in favor of the stimulus plan, as anticipated, President Trump is expected to sign it into law right away.
Q. Once the relief bill becomes law, will other governmental benefits be impacted?
A. Yes, the stimulus will bolster unemployment insurance benefits as well, expanding eligibility and offering workers an additional $600 a week for four months—this on top of what state unemployment programs pay. This is a critical piece of the puzzle, as millions of Americans have filed for unemployment benefits in the past few weeks.
Q. With so much money on the line, might fraud become an issue?
A. Yes, which is why the plan allows for an oversight board and the appointment of a Treasury Department special inspector general for pandemic recovery to scrutinize lending decisions and detect abusive or fraudulent behavior. According to lawmakers, every loan document will be public and made available to Congress so that it can see where money is going.
Q. How are our leaders characterizing the stimulus bill?
A. In a word, historic. This will be the single largest “Main Street” assistance program ever passed. In fact, senators have cast it as “a wartime level of investment into our nation.”
Q. This is not the only measure Congress will have passed in response to the coronavirus, correct?
A. That is right, Congress has already passed two other coronavirus-related relief bills: an $8.3B emergency supplement for the health-care system and a $100B-plus bill to boost paid sick leave and unemployment insurance and provide free coronavirus testing.
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.