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insightAmong the challenges faced by manufacturers and other regulated parties in dealing with the COVID-19 pandemic is ongoing compliance with environmental laws.
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insightThis alert serves as a follow-on to our alert SBA Provides Emergency Disaster Loans for Small Businesses, published March 25, 2020, and takes into account recent federal legislative developments.
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insightOn March 31, we published a summary of the SBA Loan Programs under the CARES act that describes Paycheck Protection Program (PPP) in greater detail. The CARES Act (the “Act”) includes the creation of a new Small Business Administration (“SBA”) 7(a) loan program called the Paycheck Protection Program (“PPP”).
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insightOn March 26, 2020, the South Carolina Department of Health (DHEC) Office of Environmental Affairs promised regulatory relief to those struggling to comply with environmental permits and other regulatory obligations due to the COVID-19 pandemic. While it is not clear how DHEC will decide which permit and regulatory obligations deserve relief, this is a positive sign for those impacted by reduced workforce, shortages in supplies, slowdowns in production and revenue and other negative effects from the virus.
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insightThe CARES Act, the third COVID-19 relief bill, contains numerous tax provisions that were drafted to assist businesses in dealing with the economic effects of the coronavirus. It rolls back some of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) including, among others, loosening restrictions on deducting net operating losses and interest expenses.
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insightAs a significant number of employees are working remotely due to COVID-19, maintaining adequate cybersecurity measures has been a priority for many businesses.
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insightThe last thing businesses and owners want to think about during a global health crisis is a looming intellectual property deadline. Fortunately, many Intellectual Property Offices around the world have activated their business continuity protocol and have taken essential measures to support customers affected by the Coronavirus (COVID-19) outbreak.
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peopleTroy has advised hospitals and health systems, long-term care providers, behavioral health providers, and physician groups on an array of regulatory matters, including telehealth and telemedicine, corporate practice of medicine (CPOM), the Health Insurance Portability and Accountability Act of 1996 (HIPAA), the Anti-Kickback Statute, and the Stark law.
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insightThe “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) has substantial implications and it modifies the Families First Coronavirus Response Act (FFCRA) passed on March 18. The bill, which provides an economic stimulus of approximately two trillion dollars, addresses the various issues arising out of employee benefit programs in the time of COVID-19, provides additional unemployment benefits for employees who have been furloughed, have suffered a reduction of hours, or who have been laid off due to the COVID-19 crisis and sets up an emergency loan program under the Small Business Administration for, among others, private employers with fewer than 500 employees.
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insightFollowing the passage last week of the Families First Coronavirus Response Act (FFCRA or Act), the U.S. Department of Labor (DOL) issued new posters to notify employees of the paid sick leave and expanded family and medical leave options available to them for specified reasons related to COVID-19.