Legal Updates

Treasury Issues More Guidance on Paycheck Protection Program on April 6, 2020

By: Christine V Williams on 04/07/2020

Treasury has issued more guidance on the Paycheck Protection Loans as of April 6, 2020.  That guidance can be found here: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf  or in pdf format here: Paycheck-Protection-Program-Frequenty-Asked-Questions April 6 2020 Treasury The pdf may be found here:...

Interim Final Affiliation Rule by SBA on Payroll Protection Plan

By: Christine V Williams on 04/03/2020

The SBA released its Interim Final Rule Regarding Payroll Protection Plan Loans.   It is expected to hit the Federal Register tomorrow.  Please click here for the Interim Final Rule on Affiliation : Interim Final Affiliation Rule PPP

SBA Issues Interim Payroll Protection Program Guidance-Promises to Issue More on Affiliation Rules

By: Christine V Williams on 04/02/2020

SBA issued its Interim Final Rule for the Paycheck Protection Program (Guidance) with  more affiliation rule guidance to follow.  "SBA intends to promptly issue additional guidance with regard to the applicability of affiliation rules at 13 CFR §§ 121.103 and 121.301 to PPP loans." Here is the interim final rule: Interim PPP Rule Issued (D0883318)

The Senate Passes $2.2 Trillion Relief Bill-House to Vote on it This Week-Analysis on Small Businesses-Part I-Uses of Loan, Forgiveness, Resource Partners, Covered Small Business Concerns, and Borrower Requirements

By: Christine V Williams on 03/25/2020

Editor's Note: At the end of this piece is a simple two page take away mirroring the analysis below and a link to the Act. On March 25, 2020, the Senate passed the $2.2 Trillion Coronavirus Bill - The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act" or "Act"), which is aimed at economic relief for businesses and individuals affected by Coronavirus in the United States.  The...

SBA and FAR Limitations on Subcontracting and Open FAR Case-Update

By: Christine V Williams on 03/18/2020

March 18, 2020 Limitations on Subcontracting    Building Full Change to the FAR on the Limitation on Subcontracting?  [Please click here for a handy one pager of the text and references below:] Limitations on Subcontracting Rule Limitations on Subcontracting Update In contracts awarded through the U.S. Small Business Administration (SBA), there is a mandatory performance level...

COVID-19, Government Contracting and Performance Impacts

By: Christine V Williams on 03/16/2020

      COVID-19 and the Government Contractor-FAR Clauses for Performance Impacts.  This information below is contained in a one-pager you can access by clicking here: COVID-19 Most Government Contracts include provisions that may be applicable to the COVID-19.  Here are some and the application. FAR 52.249-14 Delay Clause- FAR 52.249-8, -9, -10 Default for...

Webinars-The Good, the Bad, and the Ugly-Key Indicators of a Waste of Time or A Goldmine

By: Outlook Law, LLC on 03/15/2020

Webinars: The Good, the Bad, and the Ugly-A Total Waste or A Goldmine? Webinars can be a useful tool in learning, a total waste of time, or a spread of incorrect information. Your time is money and that value is translatable in productivity and take-aways from any any presentation.  Some key indicators to look for that signal you may want to take a pass as well as those indicating a helpful...

Christine V. Williams Named as Acritas Star by Survey of Senior In-House Counsel

By: Outlook Law, LLC on 03/02/2020

Outlook Law, LLC, is pleased to announce that Christine V. Williams has been named in Acritas Stars, a listing of top-notch global attorneys.* An Acritas Stars award is the result of the analysis of thousands of interviews with general counsel and other senior in-house leaders working within legal departments around the world.  Acritas Stars is composed of stand-out lawyers nominated by...

Federal Budget Proposes to Cut 25 Percent from SBA-How the Money is Spent is Critical

By: Christine V. Williams on 02/11/2020

The federal budget was released yesterday and while some agencies gained funding; many others did not.  For instance, the SBA's budget was cut by 25 percent, which may be offset by a program set up by SBA to collect fees for financial services.  Here is an excerpt with a link to the budget: Funding Highlights: The Small Business Administration (SBA) serves American entrepreneurs in...

Comment Period Extended for Proposed SBA Regulations-February 7, 2020

By: Christine V. Williams on 01/09/2020

On November 8, 2019, SBA issued extensive and wide-reaching regulations.  Considering the breadth of the regulations and timing of the release over typical holiday breaks/vacations, and comments being due in mid-January, upon request, SBA issued an extension for the comment period until February 7, 2020.  Listed below is the public inspection notice for the Federal Register regarding the...