1. More Direct Payments in Next Coronavirus Aid Bill Seriously Considered

    More Direct Payments in Next Coronavirus Aid Bill Seriously Considered

    U.S. Treasury Secretary Steven Mnuchin said on Wednesday he would seriously consider more direct payments to individuals in the next phase of coronavirus rescue legislation, adding that funds should also be targeted to help sectors struggling to reopen, including hospitality and tourism.

    Testifying before the U.S. Senate Small Business Committee, Mnuchin said the Treasury also planned to issue new guidance this week to ease rules that prohibit business owners with a criminal conviction in the past five years from accessing forgivable Paycheck Protection Program loans.

    That would be reduced to three years, and Mnuchin said he was open to easing the rules further.

    Read Full Article
  1. Categories

    1. News.Law Categories:

      Big Law, Civil Plaintiff, Consumer Law, Coronavirus, Criminal Law, Drug Safety, Employment Safety, Opioids, Political and Legislative, Product safety, Securities, Special Topic, Trucking
    2. Targo:

      F-NRA, Gun Violence
  2. Topics Mentioned