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1. • Part III: The RESTART Act and the Long-term Recovery Sector Loan Program

     The National Law Review· 14 hours ago

     The first part of the alert discusses the Reviving the Economy Sustainably...of Congress supporting the legislation. The RESTART Act’s primary appeal is that it is a long-term loan& ...

2. • Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness

     The National Law Review· 16 hours ago

     Treasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck Protection Program ...

3. • IRS Confirms PPP-Funded Expenses Are Non-Deductible

     The National Law Review· 17 hours ago

     Literally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly to avert a potential ...

4. • SBA Provides Safe Harbor For Certifying Need For PPP Loans

     The National Law Review· 3 days ago

     New SBA guidance says PPP borrowers of under $2 million are granted safe harbor and deemed to have made required good-faith certification of necessity. Individual circumstances ...

5. • 

     GOP lawmaker complaining about student debt relief gets a brutal reminder from White House

     The Raw Story· 6 days ago

     A Republican lawmaker complained about student loan forgiveness, only to have the White House remind...

6. • PPP Loan Audits Could Affect Millions of Borrowers | JD Supra

     JD Supra· 2 days ago

     PPP Loans with balances of less than $100,000 to the Treasury Department for collection, and another 10,000 delinquent PPP Loans involving higher balances ...

7. • If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants

     The National Law Review· 6 days ago

     The average PPP loan amount so far has been $239,000, though the vast majority of approved loans (70%) have been for $150,000 or less. Lenders have felt ...

8. • 

     Brevard political consultant, Space Coast Rocket owner, arrested for alleged PPP loan fraud

     Florida Today via Yahoo Finance· 1 day ago

     Robert Burns, a Brevard County political consultant and owner of the Space Coast Rocket local news...

9. • Top 10 Insights from the SBA’s PPP Loan Forgiveness Application

     The National Law Review· 5 days ago

     On May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of the “Covered Period ...

10. • 

      Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt...

      LA Times via AOL· 2 days ago

      Republicans criticizing Biden's student debt relief plan took millions of dollars in pandemic relief...