Earlier this fall, the U.S. Small Business Administration (SBA) published notice of a 30-day public comment period regarding a series of information collection forms Paycheck Protection Program (PPP) loan borrowers must complete. That information included […] Read More
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Earlier this year, the U.S. Internal Revenue Service (IRS) issued guidance denying deductions for trade and business expenses (e.g., payroll) associated with U.S. Small Business Administration Paycheck Protection Program loans that are forgiven. Under federal […] Read More
In a surprise move on November 19, U.S. Treasury Secretary Mnuchin asked the Federal Reserve to return to the Treasury unused COVID-related emergency funds. Returning the funds would allow the U.S. Congress to reallocate them, […] Read More
In response to the fact that more than one million COVID-19 cases were reported in the United States in the past seven days, the U.S. Centers for Disease Control and Prevention (CDC) updated much of […] Read More
On November 19, the Trump administration released a draft regulation that would ease the regulation governing offshore oil drilling in the Arctic. Specifically, the Bureau of Safety and Environmental Enforcement (BSEE) said it would change […] Read More