Vol. XIX, Issue 22

April 28, 2020

COVID-19 Updates: Health-Related Expenses for Participants; PPP Loans for Employers

We continue to review coronavirus-related relief packages from the federal government, and have developed two new summaries.

Amid the increasing scrutiny of large businesses receiving PPP loans, today Treasury Secretary Mnuchin appeared on CNBC and commented that the SBA would conduct a full review of all PPP loans over $2 million before deciding whether to forgive the loan.

If you have questions about the CARES Act or FFCRA, please send them to Tony Prestipino, Andy Hendren, Steve Clark or Jim O'Connell.

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