President Signs Paycheck Protection Program Flexibility Act of 2020
Last Friday, President Trump signed H. R. 7010 (“HR 7010”), the “Paycheck Protection Program Flexibility Act of 2020”, a bill meant to modify certain provisions related to the forgiveness of loans under the Paycheck Protection Program (“PPP”). Following criticism regarding how the forgiveness rules were not feasible for many small businesses, HR 7010 was passed by the House and the Senate with broad bipartisan support. In general, the changes allow businesses more time to bring employees back to work and to use the PPP funds without jeopardizing loan forgiveness.
Kevin S. Freytag, an attorney with Murphy, Hesse, Toomey & Lehane, LLP, represented the Town of Milton in front of the appeals court in February of this year. This case, Kali Family Limited Partnership v. Town of Milton & another, was brought to appeals court by the plaintiff after a final judgement ruled in favor of the defendant. The plaintiff originally filed a lawsuit against the Town of Milton because “the town was unjustly enriched by what Kali described Read More
There has been a great deal of discussion in the news lately about the latest Congressional stimulus package, which was ultimately signed by President Trump on Sunday, December 27, 2020, following his initial pushback. The stimulus package, officially known as the Consolidated Appropriations Act of 2021 (the “Stimulus”), is a behemoth piece of legislation that consists of nearly 5,600 pages, covering a broad array of appropriation matters.