Publications

Hogan Lovells Publications

House and Senate considering bills to enhance flexibility for PPP borrowers, including by extending forgiveness period

Since its rollout on 3 April 2020, the Paycheck Protection Program (PPP or the Program) has issued loans totaling more than US$510 billion to roughly 4.3 million businesses.

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COVID-19: The Federal Reserve Board revises terms and issues FAQs for the Main Street Lending Program

The Federal Reserve Board provided additional guidance and new term sheets for the Main Street Lending Program (Program) facilities. Initially, the Program and related term sheets...

Hogan Lovells Publications

Braving a perfect storm: Avoiding legal and reputational risk associated with CARES Act oversight and investigations

Businesses across the United States have been battered by the COVID-19 crisis and many companies have been the recipients of unprecedented levels of economic assistance and tax relief under ...

News

COVID-19: Federal Reserve Board to publish CARES Act borrower information. Does more oversight follow?
Registered Content

On April 23, the Federal Reserve Board vowed to report information every month regarding the participants of lending and liquidity facilities it has established under the Coronavirus Aid,...

Hogan Lovells Publications

REVISED (Update #3): COVID-19 U.S.: Navigating the Paycheck Protection Program (PPP) under the CARES Act and recent SBA guidance

On Friday, March 27, President Trump signed into law H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to address the catastrophic impact of COVID-19 on the U.S....

Hogan Lovells Publications

Federal Reserve creates Main Street Lending Program to support small and mid-sized businesses Regulatory Alert

On 9 April 2020 the Federal Reserve announced that it has established the highly anticipated Main Street Lending Program (Program) under which it will purchase up to US$600 billion in...

Hogan Lovells Publications

Lender requirements for the Paycheck Protection Program under the CARES Act Consumer Finance Alert

On Thursday, 2 April 2020 the Small Business Administration (SBA) released the Interim Final Rule (Rule) under the CARES Act (Act) Paycheck Protection Program (PPP).

Hogan Lovells Publications

COVID-19 U.S.: Federal Reserve's measures to help the economy weather COVID-19 GRPA Alert

On March 23, 2020, the Federal Reserve announced that it will use its powers under Section 13(3) of the Federal Reserve Act to launch new liquidity facilities to help provide financing to...

Hogan Lovells Publications

Primaries, Polls, and Results: Super Tuesday special edition

Super Tuesday showed us that you should never underestimate the power of endorsements, electability, and momentum on voters, even in this new era of seemingly unlimited targeted...

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