Coronavirus Stabilization Act of 2020 – COVID-19 Stimulus Law Title IV: Federal Government Financial Assistance to Distressed Industries and Mid-sized Businesses – 2008 Redux?

Separate and apart from the financial assistance being provided to small businesses through the Small Business Administration, Congress has set aside $500,000,000,000 for wide ranging financial assistance to selected industries and mid-sized businesses characterized as having between 500 and 10,000 employees. The Secretary of the Treasury has been granted sweeping authority, through use of a variety of financial institutions, to structure the form, the terms, the underwriting, and the application process for this financial assistance. With more detailed regulations still several days away, this webinar will provide an outline of the major points of the legislation, including a discussion of the wide latitude being afforded the Secretary of the Treasury to assure that taxpayer funds are appropriately used and protected.