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News & Events

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SBA Announces Data Breach Associated with EIDL program, PPP Loan Applicants Unaffected

The U.S. Small Business Administration (SBA) announced that about 8,000 applicants seeking coronavirus pandemic assistance through the SBA’s Economic Injury Disaster Loan (EIDL) program may have had their personal data compromised by a software glitch. The breach was discovered on March 25 and does NOT affect applicants seeking aid from the Paycheck Protection Program.

The SBA says it “immediately disabled” the portion of the agency’s website that was affected and “addressed the issue and relaunched the application portal.”

The SBA notified those affected and offered a year of free credit monitoring.

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DOL Updates Guidance on FFCRA Paid Leave

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OSHA Issues New Guidance to Assist Employers Facing Compliance Difficulties Due to COVID-19

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OSHA Releases New Guidance For Handling Coronavirus-related Complaints and Injury Reports

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NIOSH Releases Guidance for Conserving and Extending Filtering Facepiece Respirator Supply in Non-Healthcare Sectors

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Treasury and the SBA Release New Guidance for Self-Employed Individuals and Independent Contractors Applying for Paycheck Protection Program Loans

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SBA Releases Report Detailing Progress of the Paycheck Protection Program

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PBGC Announces Extension of Upcoming Premium Payment Deadlines

The Pension Benefit Guaranty Corporation (PBGC) has announced deadline extensions for upcoming premium payments and other filings with the PBGC. Due dates for filings or actions that would have been due on or after April 1, 2020 and before July 15, 2020, have instead been extended to July 15, 2020.

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Labor Department Issues Enforcement Guidance for Recording Cases of COVID-19

The Department of Labor’s Occupational Safety and Health Administration (OSHA) has issued interim guidance for enforcing OSHA’s recordkeeping requirements (29 CFR Part 1904) as it relates to recording cases of COVID-19.

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Treasury Clarifies PPP Loan Eligibility

SBA released an Interim Final Rule late last week with a drafting error that caused confusion about the eligibility requirements for the PPP loan program.  The Treasury Department has posted revised Frequently Asked Questions that, among other things, clarify this issue. 

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DOL Updates Guidance on FFCRA Sick Leave and Expanded Family Leave

Today, the Department of Labor (DOL) added twenty new Frequently Asked Questions (FAQs) to its guidance on new Families First Coronavirus Response Act (FFCRA) sick leave and expanded family leave. Among the elaboration provided in this guidance are matters such as clarification that a worker must be able to cite medical advice to utilize the two weeks paid sick leave under the FFCRA. According to the updated guidance, “[i]f you become ill with COVID-19 symptoms, you may take paid sick leave under the FFCRA only to seek a medical diagnosis or if a health care provider otherwise advises you to self-quarantine,” per new FAQ #62. “You may not take paid sick leave” according to the new guidance “if you unilaterally decide to self-quarantine for an illness without medical advice, even if you have COVID-19 symptoms.”

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Treasury Deptartment and SBA Announce "Paycheck Protection Program"

The Treasury Department, in conjunction with the Small Business Administration (SBA), has announced the launch of the new $349 billion “Paycheck Protection Program.”  This federal loan program is intended to help small businesses with their payroll and other business operating expenses and to provide capital to businesses without collateral requirements, personal guarantees, or SBA fees.  All loan payments will be deferred for six months and the SBA will forgive the portion of loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.  Notably, the program is available retroactively from February 15, 2020, so that employers can rehire recently laid-off employees through June 30, 2020.  The Treasury Department has also issued: (1) a one-page Paycheck Protection Program fact sheet; and (2) Q&A documents for both lenders and borrowers.  The SBA has launched its own related webpage dedicated to the Paycheck Protection Program, which includes a sample application for borrowers.

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