The Small Business Runway Extension Act Is One Step Closer to Take Off
Client Alert | 1 min read | 07.08.19
On June 24, 2019, the U.S. Small Business Administration published a rule proposing to amend the time period for calculating average annual receipts for SBA’s receipts-based size standards from three to five years. This rule would implement the congressional intent behind the Small Business Runway Extension Act of 2018, which the SBA previously instructed did not permit small businesses to immediately begin certifying against a five-year time period. In the proposed rule, the SBA again warns that the three-year calculation period continues to apply to any offer submitted prior to the effective date of a final rule. Comments on the proposed rule are due by August 23, 2019.
Insights
Client Alert | 2 min read | 09.23.24
Effective January 1, 2026, H.B. 3773 amends Article 5, Section 2 of the Illinois Human Rights Act to explicitly prohibit employers from using artificial intelligence (“AI”) for a broad swath of employment decisions, including recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment, if such use has the effect of subjecting employees to discrimination on the basis of a protected class. The amendment also prohibits employers from using zip code as a proxy for protected classes. H.B. 3773 further provides that employers will be required to provide notice to employees prior to using AI for such employment-related purposes. The law applies to any employers employing one or more employees within Illinois during 20 or more calendar weeks during the calendar year.
Client Alert | 9 min read | 09.23.24
Client Alert | 4 min read | 09.20.24
Department of Commerce Unveils New Tool to Inform Supply Chain Risk Mitigation
Client Alert | 3 min read | 09.13.24
