August 14, 2020
The restrictions of Section 889(a)(1)(B) went into full effect yesterday, August 13, 2020. To mark the occasion, we thought it important to note for our clients and colleagues in the government contracting community [...]
August 12, 2020
On January 22, 2020, the Office of Management and Budget (OMB) issued proposed revisions to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). We previously wrote about noteworthy [...]
August 10, 2020
As most government contractors are now aware, Section 889 of the 2019 National Defense Authorization Act (“NDAA”) has been implemented for federal procurement contracts. This post is intended to offer a recap of [...]
July 7, 2020
On July 4, 2020, the President signed S. 4116 into law, extending the date by which eligible borrowers may apply for Paycheck Protection Program (“PPP”) Loans through August 8, 2020.[1] Prior to this [...]
June 22, 2020
On June 17, 2020, in light of the recent changes to the Paycheck Protection Program (“PPP”) by the Paycheck Protection Program Flexibility Act,[1] the SBA released a revised Loan Forgiveness Application (“Full Loan [...]
June 22, 2020
FTLF attorneys Michael Glomb and Scott Sheffler will host the National Grant Management Association’s (NGMA) July grants webinar, The SBA’s Paycheck Protection Program: Challenges and Opportunities. The Small Business Administration’s (SBA) Paycheck Protection [...]
June 8, 2020
On June 5, 2020, the Paycheck Protection Program (“PPP”) Flexibility Act[1] became law, again changing major features of the PPP Loan Program. As its name suggests, the new law was enacted primarily to [...]
May 29, 2020
In an interim final rule (“IFR”) issued on May 22, 2020,[1] the Small Business Administration (“SBA”) clarified the method by which Paycheck Protection Program (“PPP”) Loan Program funds must be expended and documented [...]
May 18, 2020
As the circumstances of social distancing and business interruption continue, federal contractors and subcontractors may find themselves in difficult financial situations as their employees are forced to sit idle due to facility closures [...]
May 13, 2020
Today, the Small Business Administration (SBA) issued new guidance relaxing anticipated scrutiny that borrowers were expecting under the Paycheck Protection Program. In connection with a Paycheck Protection Program loan, a borrower must certify [...]