Covid-19: Coronavirus Aid, Relief, and Economic Security Act

This Client Alert describes two of the sections most relevant to our clients in the Coronavirus Aid, Relief, and Economic Security Act (the Bill) passed late Wednesday night by the Senate: the Paycheck Protection Program and the enhanced unemployment benefits available to employees and former employees. It should be noted that, while the Bill has been approved by the Senate, it has not yet been passed by the House or signed by the President, so there may be some changes. That being said, this was a bipartisan effort and there is no reason to expect that the below provisions of the Bill will change drastically.

Click on the PDF below for the full alert.

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