The Economic Aid Act (“EAA”) was signed into law on December 27, 2020 and provides $900 billion in financial relief to struggling individuals, businesses, and organizations. The EEA also renews the Paycheck Protection Program (“PPP”) and expands its terms to allow for eligible 501(c)(6) organizations to become borrowers. Local chambers of commerce, labor and trade...Read More

The Consolidated Appropriations Act, 2021 that was signed into law by President Trump on December 27, 2020, extends the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) unemployment insurance programs passed earlier this year. The CARES Act expanded unemployment insurance benefits to individuals through three programs: (1) Federal Pandemic Unemployment Compensation (“FPUC”); (2) Pandemic...Read More

This article is an update of an article posted on December 22, 2020. On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 in order to fund the government through September 30, 2021 and provide economic relief in response to the coronavirus pandemic. This law does not extend the Families First...Read More