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ב – 21 בדצמבר 2020, העביר הקונגרס האמריקני מספר תיקונים והרחבות לתוכנית להגנת השכר – (Paycheck Protection Program)
אשר אומצה ב – 27 במרס 2020. התיקונים כוללים, בין השאר, תוספת מימון להלוואות חדשות ושינויים בכללי הזכאות לקבלת הלוואה ולהפיכת ההלוואה למענק. הפוסט המצורף מתאר את עיקר השינויים.

ליצירת קשר בנושא, אנא פנו לעורכי הדין המתמחים בנושא, אפרים שמיידלר ואהרון כץ. אפרים ואהרון חברים במחלקת התאגידים במשרדנו בתל-אביב ולהם ניסיון רב בעבודה מול לקוחות ישראלים הפועלים בארה”ב.

Paycheck Protection Program – Expected Impact of ‘Second Draw’ Loans

On Dec. 21, 2020, Congress approved H.R. 133, referred to as the “Consolidated Appropriations Act, 2021” (the Act). The legislation, signed into law by President Trump on Dec. 27, 2020, enhances and expands certain provisions of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the CARES Act) (H.R. 748) and changes the Paycheck Protection Program (PPP) administered by the U.S. Department of the Treasury’s Small Business Administration (SBA) by (i) authorizing additional liquidity for a second round of PPP loans and (ii) expanding PPP borrower eligibility in some instances, while implementing changes to PPP loans that will impact both new and existing PPP borrowers. The SBA is expected to issue new guidance in the coming days to address the particulars of the revitalized PPP and to answer questions that have arisen since the date of enactment of the Act

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Tags: Greenberg Traurig Israel, Greenberg Traurig Tel Aviv, GT Alert, GT Insight, GT Israel, GT Tel Aviv, Paycheck Protection Program, PPP loans
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Photo of Barbara A. Jones Barbara A. Jones

Barbara A. Jones is Co-Managing Shareholder of the firm’s Los Angeles office and a member of the firm’s Global Corporate practice. Barbara serves as Chair of the firm’s interdisciplinary Blockchain & Digital Assets practice. Barbara maintains a diverse corporate and securities law practice

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Barbara A. Jones is Co-Managing Shareholder of the firm’s Los Angeles office and a member of the firm’s Global Corporate practice. Barbara serves as Chair of the firm’s interdisciplinary Blockchain & Digital Assets practice. Barbara maintains a diverse corporate and securities law practice across industry groups, emphasizing complex international and domestic transactions, including private and public financings, dual listings, mergers and acquisitions, strategic collaborations and joint ventures, and licensing transactions. She serves as a trusted advisor to public and private company boards of directors on governance matters and complex regulatory reporting and compliance issues. Barbara’s clients include financial institutions, private equity and venture capital groups, and public and private companies in emerging technology, life sciences and biotechnology, defense and security, blockchain and digital assets, telecommunications, information technology, energy (traditional and renewable), mining, media, entertainment and sports. Barbara also represents Olympic and professional athletes and sports-related organizations.

Barbara practiced U.S. law in London from 1990 through 1997 with Sullivan & Cromwell, LLP, and headed the international capital markets practice of Kirkland & Ellis LLP from 1999 to 2003 before relocating to Boston. From 1997 to 1999, she served as Vice-President, Assistant General Counsel and Regional Counsel for capital markets with J.P. Morgan Securities Ltd. in Europe, the Middle East and Africa. Since returning to the U.S., she has continued to actively represent public and private companies, private equity groups and investment banks in the European, Scandinavian, African and greater Asian markets, including China.

Barbara is a past chair of the ABA’s Subcommittee on International Securities Matters. She is a frequent speaker at conferences relating to cross-border securities matters, strategic alternatives, and digital asset structures. She serves on the Government of Bermuda’s Global FinTech Advisory Board.

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Photo of Marvin A. Kirsner Marvin A. Kirsner

Marvin A. Kirsner is a shareholder in the Fort Lauderdale office where his primary areas of practice deal with corporate, transactional and industry specific tax issues. He serves as the Co-Chair of the State and Local Tax (SALT) Practice.

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Photo of Robert Mangas Robert Mangas

Rob is a shareholder in the firm’s Federal Government Law & Policy group. He has represented clients before Congress and federal agencies from a variety of industries and in a number of policy areas, including trade, energy, environment, health care, biotechnology, transportation, financial…

Rob is a shareholder in the firm’s Federal Government Law & Policy group. He has represented clients before Congress and federal agencies from a variety of industries and in a number of policy areas, including trade, energy, environment, health care, biotechnology, transportation, financial services, manufacturing, tax, pensions, defense, and foreign relations. Rob has a depth of understanding of the rules of the U.S. Senate and House of Representatives, and he has deep experience in legislative drafting. He previously served as chief of staff to U.S. Senator Wendell Ford, the former Senate Majority Whip.

Concentrations

  • Health care
  • Energy
  • Biotechnology
  • Manufacturing
  • Foreign affairs
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Photo of Greenberg Traurig Greenberg Traurig

Carl A. Fornaris is Co-Chair of the firm’s Financial Regulatory and Compliance Practice. With 27 years of legal experience, Carl advises a broad range of financial services firms – banks and their holding companies, money services businesses, investment advisers, securities broker dealers, gaming

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Carl A. Fornaris is Co-Chair of the firm’s Financial Regulatory and Compliance Practice. With 27 years of legal experience, Carl advises a broad range of financial services firms – banks and their holding companies, money services businesses, investment advisers, securities broker dealers, gaming firms, Fintechs, cryptocurrency firms and other institutions – on all aspects of their business. These include formation and licensing, capital-raising transactions, acquisitions and divestitures, USA PATRIOT Act/BSA/AML compliance and OFAC sanctions programs, cryptocurrency regulation, mobile money and FinTech, federal and state agency enforcement proceedings, Dodd-Frank Act compliance and COVID-19/CARES Act economic stimulus program advice (ranging from Small Business Administration PPP loans to Federal Reserve Main Street program loans). Throughout his career, Carl has counseled clients in their dealings with the Federal Reserve, OCC, FDIC, FinCEN, SEC, FINRA, Florida Office of Financial Regulation, New York Department of Financial Services and other state supervisory authorities.

Carl is also active representing lenders and credit parties in financing transactions, particularly credits to non-U.S. loan parties, asset-based credits, acquisition financing and stand-by letters of credit.

Carl is a past General Counsel of the Florida International Bankers Association and sits on its Board of Directors. Previously, he served as Head of Legal and Compliance for the Latin America region of Barclays Bank PLC, with responsibility for managing legal and compliance matters throughout the region. Carl is an adjunct professor in the Business Law Department of the University of Miami Business School.

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Photo of Bryan X. Grimaldi Bryan X. Grimaldi

Bryan Grimaldi counsels corporate clients, trade associations, destination marketing organizations, and public-private partnerships (P3) nationwide providing industry-specific, cost effective, outside counsel services, operational consulting, and advocacy. With deep knowledge of politics and the ability to navigate complex issues in dynamic environments, Bryan provides

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Bryan Grimaldi counsels corporate clients, trade associations, destination marketing organizations, and public-private partnerships (P3) nationwide providing industry-specific, cost effective, outside counsel services, operational consulting, and advocacy. With deep knowledge of politics and the ability to navigate complex issues in dynamic environments, Bryan provides clients a unique perspective on how to deftly handle making an organization successful and bridge the gap between business goals and legal issues, among multiple constituencies.

Bryan develops tailored strategies for his clients as well as with businesses experiencing legal and policy obstacles with their city. He has broad experience in the travel & tourism industry, government relations, not-for-profit management and public/private partnerships.

Bryan draws from his nearly 15 years as Chief Operating Officer & General Counsel at NYC & Company, Inc, New York City’s official marketing, tourism, and partnership organization, where he led the organization on legal, business development, licensing, government relations, regulatory, and policy matters. Bryan provided strategic counsel and advised on matters that advanced the organization’s mission, while growing and protecting its funding streams.

Having served three mayors of New York City, Bryan has deep government experience, credibility, and broad knowledge of the private sector, including sports leagues, marketing firms and industry associations, particularly in relation to the travel, tourism, and hospitality industries.  He draws on his wide-ranging understanding of policy issues and the regulatory schemes of cities, states, and the federal government to represent clients in policy initiatives, transactions, and government relations matters. In his role at the membership-based trade association NYC & Company, Bryan lead the organization on legal, regulatory and policy matters with a focus on the members’ strategic objectives and provided advice on matters that advanced the organization’s mission. He was responsible for centralizing New York City’s marketing, licensing, and other intellectual properties, including the NYPD and FDNY brands.

Bryan previously served as general counsel in the Mayor’s Office of International Affairs, where he provided legal counsel and support to city agencies and senior administration officials in dealings with the United Nations, foreign governments, diplomats, and federal agencies.

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Photo of Marc J. Musyl Marc J. Musyl

Marc J. Musyl has wide-ranging experience representing public and private business clients in dispositions, mergers and acquisitions of all sorts as well as contracting, licensing, corporate governance and compliance. He is experienced in capital markets transactions including public and private offerings of equity…

Marc J. Musyl has wide-ranging experience representing public and private business clients in dispositions, mergers and acquisitions of all sorts as well as contracting, licensing, corporate governance and compliance. He is experienced in capital markets transactions including public and private offerings of equity and debt. He has broad industry experience specifically including financial services (where he has represented banks, clearing firms, brokerage firms, investment advisors and investment banks); energy; mining and natural resources; agriculture; aerospace; bioscience; manufacturing; and computer software. In addition, Marc chairs the firm’s Unclaimed Property Practice Group.

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