Legal Updates

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)

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...

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 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-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...

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...

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...

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...

Subject: Conference Report to Accompany S. 1790 - National Defense Authorization Act for Fiscal Year 2020 The Conference Report to S. 1790, NDAA for FY 2020, is now available and will be considered by the House Rules Committee later today.  Links follow along with “small business” excerpts from the Joint Explanatory Statement, and House and Senate Armed Services Committee Press...

The U.S. Small Business Administration (SBA or Agency) is modifying its method for calculating average annual receipts used to prescribe size standards for small businesses. Specifically, in accordance with the Small Business Runway Extension Act of 2018, SBA is changing its regulations on the calculation of average annual receipts for all of SBA's receipts-based size standards, and for other...