US Paycheck Protection Flexibility Act
The Paycheck Protection Program Flexibility Act of 2020 has been passed and signed into law.
So you decided to keep the PPP loan: Now what?
Updated June 3, 2020. To address the economic impact of the COVID-19 pandemic the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) made funding available to small busine...
The US Fed updates Municipal Liquidity Facility guidance
The Federal Reserve System has updated its FAQs and the Municipal Liquidity Facility's term sheet.
Mexican Competition Commission criticizes actions against wind and solar projects
The Comisión Federal de Competencia Económica issued an opinion on May 7 harshly criticizing measures taken by Mexico’s independent system operator, CENACE, against wind and solar projects that are close to reaching commercial operation.
Mexican ISO prevents wind and solar projects from reaching commercial operation
The Mexican ISO, CENACE, has suspended all pre-operative tests for wind and solar power plants to preserve the safety and reliability during the COVID-19 pandemic.
US: Expanded Main Street Lending Program
On April 30, 2020 the Board of Governors of the Federal Reserve System (Federal Reserve) announced an overhaul to the Main Street Lending Program by expanding both its scope and eligibility requirements.
US: Federal Reserve expands/extends Municipal Liquidity Facility
The US Federal Reserve Board released a revised term sheet for its recently established Municipal Liquidity Facility and answers to FAQs.
INSIGHT: Promise and perils of tentative refunds—tax controversy aspects of NOL carrybacks under CARES Act
This update highlights the dangers of rushing to claim NOLs that could become more of a pitfall than a benefit for the unwary taxpayer.