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Beginning January 15, 2021, the maximum fine under the Occupational Safety and Health Act for a serious or other-than-serious violation increases to $13,653 per violation.  Significantly, for each willful or repeat violation, the maximum fine increases to $136,532, almost twice what it was just a few years ago.  Moreover, the Secretary of Labor for the incoming administration has a... read more

On Sunday December 27, 2020, as part of an omnibus spending package in the Consolidated Appropriations Act, 2021, the President signed into law the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “Act”).  The Act is designed to provide much anticipated support to small businesses hard-hit by the pandemic.  This client alert highlights several of... read more

On Thursday October 8, 2020, the U.S. Small Business Administration (SBA) issued an interim final rule (the “SBA PPP Interim Final Rule”), which is effective immediately, announcing, as described below, additional guidance concerning exemptions to reduction in forgiveness and the loan review process for PPP loans of $50,000 or less. The SBA PPP Interim Final Rule is available here read more

The U.S. Small Business Administration (“SBA”), in consultation with the U.S. Department of the Treasury, has from time to time issued responses to frequently asked questions by lenders and borrowers regarding the PPP (the “SBA PPP FAQs”).  A current copy of the SBA PPP FAQs is available here. On October 7, 2020, as set forth below, the SBA updated the SBA PPP FAQs... read more

On Saturday July 4, 2020, the President signed into law congressional bill S. 4116, extending the application deadline for Paycheck Protection Program (PPP) loans from June 30, 2020 until August 8, 2020.  Otherwise eligible businesses who have not previously obtained a PPP loan now have until August 8th to apply for the loan, while funds remain available. ___________ Rogers Towers... read more

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