Mnuchin Signals Another COVID Relief Bill?

In testimony before the Senate Small Business Committee this week, Treasury Secretary Steven Mnuchin signaled that the administration would be open to yet another stimulus bill to address economic issues resulting from the COVID-19 crisis and he previewed their priorities for any such legislation. Specifically, the Secretary acknowledged a rocky start for the Paycheck Protection…

Read More »

Independent Restaurants Want Exclusive Grants

Another effort is underway to provide more targeted relief for the restaurant industry – or at least relief to a very small part of it!  Representative Earl Blumenauer, a democratic Congressman from Oregon and member of the House Ways and Means Committee is working with senior Mississippi Senator Roger Wicker on securing bipartisan support to…

Read More »

Renewed Effort for Liability Shields

Prompted largely by a spike in the number of coronavirus lawsuits filed against businesses, efforts to create federal liability protections have been resurrected. As we’ve advised in past issues, Senate Majority Leader Mitch McConnell (R-KY) has called the creation of federal liability shields his “red line” for the next legislative aid package. Since May 1,…

Read More »

Outside COVID-19, More New Mandates

Although most businessmen and women during the past three months of the coronavirus pandemic have rightly focused on keeping their business operating or how to get their business back in operation when the shutdown ends, some in government have continued to focus their energies on what new dictates they can legislate on others. Washington DC…

Read More »

Congress Passes PPP Reforms

In a major victory for small businesses across the nation, and restaurants in particular, the U.S. Senate passed the Paycheck Protection Program Flexibility Act on Wednesday evening and sent it to the President, who signed it into law late yesterday. The legislation (H.R. 7010), which passed the House last week by an overwhelming vote of…

Read More »

Federal Reserve Readies Launch of Main Street Lending

Although it initially announced the program back in early April, the Fed is still preparing for an official launch of its Main Street Lending Program, through which it will purchase some $600 billion in loans from eligible lenders. The program funds come from the Coronavirus Aid and Economic Security Act (CARES Act), signed into law…

Read More »

CBO Reports on Bonus Unemployment Benefit

One provision of the aforementioned CARES Act that struck me as counterintuitive to expediting the economic recovery from the impact of the coronavirus pandemic was the payment of an additional $600 weekly to the unemployed. Although the additional funds are not authorized beyond July 31, 2020, some in the House of Representatives want to extend…

Read More »

State and Local Issues of Note

With so much of the nation’s focus these past three months on the COVID-19 pandemic – and more recently, protests over the tragic killing of George Floyd, state and local issues that can impact your business could easily be overlooked. In the hope of keeping you informed of some of those possible oversights, we advise…

Read More »

More Business Liability Shields Put in Place

Last week, we advised you of some of the movement in different states around the idea of shielding private businesses from COVID-19 lawsuits so long as they operate within the parameters of various government edicts (state or federal regulations, executive orders or guidance. Up to this point, the focus has almost exclusively been protecting the…

Read More »

In-N-Out Joins Business Interruption Insurance Lawsuit

A legal challenge against insurance providers for denying losses claimed as a result of the coronavirus pandemic welcomed another voice last week. In-N-Out Burger, the privately-held California-based burger company filed suit against Zurich American Insurance, with which the chain has a $250 million “all risk” policy. The company argues their coverage policy “contains no exclusion…

Read More »