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Main Street Lending Program Expanded Again

USA - June 10 2020 On June 8, the Federal Reserve once again released new term sheets for its Main Street Lending Program, further expanding access for a wider spectrum…

Neil S. Faden, John A. Kimble, Brian S. Korn, Scott M. Pearson, Thomas J. Poletti

New Guidance for Main Street Lending Program

USA - May 29 2020 The Federal Reserve Bank issued new guidance for the Main Street Lending Program (the Program) on May 27, 2020. In addition to an expanded set of…

Neil S. Faden, Craig D. Miller

Main Street Lending Program Expansion Announced

USA - May 4 2020 On April 30, the Federal Reserve Board, after receiving more than 2,200 letters in response to a request for feedback on its Main Street Lending…

Neil S. Faden, John A. Kimble, Scott M. Pearson, Thomas J. Poletti

SBA Issues Interim Final Rule for Paycheck Protection Loans

USA - April 3 2020 On April 2, 2020, the Small Business Administration (SBA) issued an unusual interim final rule (the Rule) providing further detail regarding Paycheck…

Neil S. Faden, Richard S. Hartunian, Charles E. Washburn, Jr., John A. Kimble, Brian S. Korn, Veronica Lah, Craig D. Miller, Scott M. Pearson, William T. Quicksilver

Congressional Action—Lending Programs and Relief Provisions Under the CARES Act

USA - March 30 2020 On March 27, 2020, President Donald Trump signed into law the CARES Act, an approximately $2 trillion stimulus package to mitigate the…

Katherine J. Blair, Benjamin T. Brickner, Neil S. Faden, Emily P. Gelman, David W. Herbst, Charles E. Washburn, Jr., June Kim, Brian S. Korn, Veronica Lah, Craig D. Miller, Scott M. Pearson, William T. Quicksilver, Tiana M. Walden, Stephen H. Winick