Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program
WASHINGTON – Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP): For the complete release please click here.
Government Contracting, Coronavirus, and the Defense Production Act
Many government contractors are aware of the Defense Production Act (DPA), but in the coronavirus era it is a good time to familiarize yourself with some of the smaller details and figure out if your company has an opportunity to capitalize on it. To continue reading this blog please click here.
EEOC ISSUES UPDATED COVID-19
TECHNICAL ASSISTANCE PUBLICATION
Contains Q&A Section of Common Workplace Questions
WASHINGTON – The U.S. Equal Employment Opportunity Commission (EEOC) today posted an updated and expanded technical assistance publication addressing questions arising under the Federal Equal Employment Opportunity Laws related to the COVID-19 pandemic. The publication, “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws” expands on a previous publication that focused on the ADA and Rehabilitation Act, and adds questions-and-answers to respond to common inquiries.
In response to inquiries from the public, the EEOC has provided resources on its website related to the pandemic in an employment context. The agency will continue to monitor developments and provide assistance to the public as needed.
The EEOC advances opportunity in the workplace by enforcing federal laws prohibiting employment discrimination. More information is available at www.eeoc.gov. Stay connected with the latest EEOC news by subscribing to our email updates.
The Small Business Administration in conjunction with the U.S. Chamber of Commerce have put together a checklist for Coronavirus Emergency Loans for small businesses. Here are some of the key points:
- The first step should be to see if your current bank currently participates in SBA lending
- Any business with fewer than 500 employees is eligible, including those who are self-employed
- Your business does not have to have a current downturn in order to be eligible. All that is necessary is that you certify in good faith that the “uncertainty of current economic conditions” makes the loan request necessary (and some related statements)
- There is no personal guarantee
- You can receive up to 2.5x your monthly total payroll expense including leave benefits, but there are some exclusions for individuals making in excess of $100,000. Your own salary is part of the payroll package
- The loan is capped at $10,000,000.00
- The loan can be used for payroll, rent, and other operating expenses
- The loan has an unprecedented forgiveness program predicated essentially on keeping employees. Yes, this means that the entire loan amount can be forgiven
- Note: if you laid off employees it may make sense to re-hire those employees to maximize the loan forgiveness, and, if necessary, have them do other work
The tax bill itself can be found here: https://www.congress.gov/bill/116th-congress/house-bill/748/text
One prevailing thought is if a company does not currently need the loan why take it out and the answer is quite easy. If unforeseen circumstances occur than you already have the money. If in six months you don’t need it simply pay it back.
Here is more information from the SBA on the Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Finally, here is the check Coronavirus Emergency Loans Small Business Guide and Checklist:
Trump extends federal social distancing guidelines to April 30
The Government Stimulus Guide For Individuals and Businesses
$2 Trillion has been set aside to aid individuals and businesses impacted by the COVID-19 pandemic. The government’s Coronavirus Aid Relief, and Economic Security (CARES) Act is the largest of its kind in U.S. history.
We have created a download friendly guide below.
Guidance on Preparing Workplaces for COVID-19
The Occupational Safety and Health Administration under the auspice of the U.S. Department of Labor has put together guidance for agencies to implement to best safeguard employees from COVID-19. For a copy of the guidelines click on Guidance for Preparing the Workplace for COVID-19.
Coronavirus Preparedness and Response Supplement Appropriations Act
The Senate and House of Representatives of the United States of America voted on the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 bill. The bill makes emergency supplemental appropriations for the fiscal year ending September 30, 2020 in support for those impacted by COVID-19. Here is a complete look at the bill.
Deputy Director for Management at OMB Margaret Weichert Issues Memo Directing agencies to Use Technology to Stop the Spread of COVID-19
Deputy Director for Management at OMB Margaret Weichert issued a memo titled “Harnessing Technology to Support Mission Continuity”. The memo details how agencies are directed to use any available technologies the agency has to combat COVID-19. For a full look at the memorandum click on the memorandum.
Deputy Director for Management at OMB Margaret Weichert Issues Memo Directing Regarding the Safety of Federal Contract Workers During the Coronavirus
Deputy Director for Management at OMB Margaret Weichert issued a memo title “Managing Federal Contract Performance Issues with the Novel Coronavirus (COVID-19). It highlights that agencies should embrace telework, flexibility and whatever else can be done to ensure safety for all contractors. For a full view of the memo please click here.
Defense Industrial Base Essential Critical Infrastructure Workforce
Under Secretary for Defense for Acquisition and Sustainment Ellen Lord wrote a memorandum that noted who would be considered essential workers and who would not with the understanding the situation could still change at the Coronavirus (COVID-19) is unchartered waters. For a full view of the memo please click here.