Featured Publications

June 2020

SBA Releases Updated PPP Loan Forgiveness Applications and Instructions, Amends Existing Rules Based on PPPFA – Key Takeaways for Borrowers

This article was updated on June 24, 2020 to reflect changes to the PPP made by the new Interim Final Rule issued by the SBA on June 22, 2020 (the "June 22 Interim Rule"). A borrower may submit a loan forgiveness application before the end of the borrower…

SEC Releases Order Granting a Temporary Exemption for Municipal Advisors Soliciting Banks to Place Bonds

On June 16, 2020, the Securities and Exchange Commission issued an Exemptive Order in Release 34-89074 to temporarily permit registered municipal advisors (MAs) to solicit banks and other financial institutions in connection with the direct placement of ce…

Federal Reserve Opens Lender Registration for Main Street Lending Program and Announces Main Street Loan Options for Nonprofit Organizations

On June 15, 2020, the Federal Reserve announced that lender registration for the Main Street Lending Program is now open. Lender registration instructions, as well as the form documentation relating to this program, are available here. The Federal Reserve …

New York to Require Contractors to Pay Prevailing Wages on Certain Private Projects

Stephen Rosemarino and Chad Caplan were recently featured in the New York State Bar Association (NYSBA) Journal. Please visit the link below to read the full article.

Federal Reserve Further Revises and Expands Main Street Lending Program for Small and Mid-sized Businesses

On June 8, 2020, the Federal Reserve further revised the Main Street Lending Program to facilitate lending to more small and mid-sized businesses. The Federal Reserve also released a revised set of Frequently Asked Questions that provide additional details…

New Paycheck Protection Program Law Provides Greater Flexibility for Borrowers

Update: On June 5, the President signed the PPPFA into law.Update: On June 3, the PPPFA was passed unanimously by the Senate without amendment. It now goes to President Trump, who has indicated support for the bill’s aims, for signature.On May 28, 2020, …