Nelson Mullins is continuing to monitor developments related to COVID-19, including guidance from the Centers for Disease Control (“CDC”); World Health Organization; various health officials; and federal, state, and local government authorities. The firm is taking appropriate precautionary actions and has implemented plans to ensure the continuation of all firm services to clients. The following are some resources that might be helpful to you.
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- April 1 — 1:30 p.m.
Webinar: Navigating the Legal, Economic and Business Challenges of the Coronavirus Pandemic – Part 3. Register.
Breaking News & Press
- April 1 — 12:18 p.m.
In a letter to the U.S. Senate, TechGC urged that lawmakers clarify that technology startups with equity investors and under 500 employees are eligible for the Paycheck Protection Program under the CARES Act.
- April 1 — 7:38 a.m.
Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Carranza and Treasury Secretary Mnuchin announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. More information can be found below and on Treasury’s CARES Act website.
- March 31 — 6:21 p.m.
In response to the COVID-19 outbreak, more than 30 states have issued executive orders requiring citizens to stay home and shuttering non-essential businesses. Though South Carolina Governor Henry McMaster has not issued an order requiring South Carolinians to stay at home, he has issued an order shuttering non-essential businesses, Executive Order 20-17. The Executive Order stops short of being a full shelter-in-place or stay-at-home order issued by many states and even a few South Carolina cities and counties.
- March 31 — 1:24 p.m.
In a letter to Secretary of the Treasury and the administrator of the U.S. Small Business Administration, Speaker of the House Nancy Pelosi and Rep. Ro Khanna urged that they exercise appropriate discretion under the law to secure coverage for as many small businesses under 500 employees as possible.
- March 31 — 11:28 a.m.
The Treasury Department issued procedures and minimum requirements for loans to air carriers, eligible businesses, and national security businesses under the Coronavirus Aid, Relief, and Economic Security Act. Additionally, they issued guidelines and application procedures for payroll support to air carriers and contractors.
- March 31 — 11:23 a.m.
In support of the White House Coronavirus Task Force, FEMA and the U.S. Department of Health and Human Service created a Supply Chain Stabilization Task Force, one of eight COVID-19 focused task forces under the National Response Coordination Center (NRCC). This task force is taking a whole-of-America approach to address limited supply of critical protective and life-saving equipment.
- March 31 — 10:41 a.m.
President Trump issues a memorandum on providing federal support for governors' use of the National Guard to response to COVID-19.
- March 31 — 9:49 a.m.
The Centers for Medicare and Medicaid Services issued new temporary rules yesterday that will allow hospitals to expand their capacity during the coronavirus epidemic. These new flexibilities are designed to allow health care workers to treat more patients than the system is built for, and to help separate patients with the coronavirus from those without it.
- March 30 — 6:55 p.m.
The Pennsylvania Department of Education (PDE) announced today that it received waiver approval from the U.S. Department of Agriculture (USDA) to allow schools to provide free meals to all children during statewide COVID-19 mitigation efforts.
- March 30 — 2:44 p.m.
Glenn Fine, the acting inspector general for the Pentagon, was appointed to lead the newly created committee that oversees the implementation of the $2 trillion coronavirus relief bill signed by President Donald Trump last week. He will lead a panel of fellow inspectors general, named the Pandemic Response Accountability Committee, and command an $80 million budget meant to "promote transparency and support oversight" of the massive disaster response legislation. His appointment was made by a fellow committee of inspectors general, assigned by the new law to pick a chairman of the committee.
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