Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

SBA Releases PPP Loan Forgiveness Application and Instructions: Lays Out Calculation Process and Clarifies Some Open Questions

By: Lawrence J. Glusman On May 15, 2020, the SBA and the Treasury Department released the long-awaited Paycheck Protection Program (PPP) loan forgiveness application and detailed instructions. They also announced that additional regulations and guidance would soon issue to further assist borrowers as they complete their applications, and to assist lenders with their responsibilities. The…

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The United States Patent and Trademark Office Finally Weighs in on the CARES Act Allowing Waiver of Patent-Related and Trademark-Related Timing Deadlines

By: Joseph S. Heino and Erin E. Kaprelian The United States Patent and Trademark Office (USPTO) announced a temporary waiver of certain timing deadlines in view of the current COVID-19 outbreak. Section 12004(a) of the CARES Act provides the USPTO with the ability to toll, waive, adjust, or modify any deadline under the America Invents…

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CARES Act Includes Financial Support for Nursing Homes

By: Alec Dobson The $2 trillion CARES Act, passed by the House on Friday and promptly signed into law by President Trump, provides $200 million for nursing homes for infection control and $100 billion for grants to a broad range of health care providers. The Centers for Medicare and Medicaid Services will receive $200 million…

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