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Hogan Lovells | USA | 2 Jul 2020

Coronavirus: The Hill and the Headlines - COVID-19 D.C. Update - July 2, 2020

Your guide to the latest Hill developments, news narratives, and media headlines provided by the Hogan Lovells Government Relations and Public Affairs…

Thompson Hine LLP | USA | 1 Jul 2020

Volcker Rule Changes Will Expand Banks’ Investment Abilities

Five federal regulatory agencies - the U.S. Department of the Treasury, Federal Reserve System, Federal Deposit Insurance Corporation, Commodity…

Proskauer Rose LLP | USA | 29 Jun 2020

“Passthrough Deduction” Regulations for RICs Finalized with No Major Changes

On June 24, 2020, the Internal Revenue Service (the “IRS”) and the U.S. Department of Treasury (“Treasury”) issued final regulations (the “Final…

Quarles & Brady LLP | USA | 26 Jun 2020

Supreme Court Affirms And Narrows SEC’s Use of Disgorgement as Remedy

In a closely-watched case that could have significantly upended the status quo of disgorgement in regulatory enforcement proceedings, the Supreme…

Bryan Cave Leighton Paisner LLP | USA | 24 Jun 2020

Internal Service Revenue Notice 2020-51 - Updated Guidance Regarding Retirement Plans

Treasury issued Notice 2020-51 today on CARES Act § 2203, the 2020 Waiver of Required Minimum Distributions (“RMDs”) that contained important (and in…

Sheppard Mullin Richter & Hampton LLP | USA | 19 Jun 2020

Updates to the PPP Loan Forgiveness Application Form

On June 16, 2020, the U.S. Department of Treasury (Treasury) and U.S. Small Business Administration (SBA) published an updated Loan Forgiveness…

Venable LLP | USA | 18 Jun 2020

SBA and Treasury Issue New Loan Forgiveness Application Form and Guidance for the Paycheck Protection Program Flexibility Act

Following the June 5, 2020 passage of the Paycheck Protection Program Flexibility Act (PPPFA) (discussed in more detail here and here), the Small…

Dechert LLP | Syria, USA | 17 Jun 2020

U.S. Expands Syria Sanctions By Targeting Non-U.S. Persons Who Support the Assad Regime

The U.S. Government, through the Treasury Department’s Office of Foreign Assets Control (“OFAC”), has imposed comprehensive sanctions against Syria…

Michael Best & Friedrich LLP | USA | 17 Jun 2020

New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program (PPP)

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, posted a revised, Paycheck Protection Program…

Ansa Assuncao LLP | USA | 16 Jun 2020

New Treasury Regulation Prohibits Deducting Expenses Used to Obtain PPP Loan Forgiveness

The Department of Treasury has clarified that businesses may not deduct any expenses which are used to obtain loan forgiveness under the Paycheck…
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