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

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

Webinar | 04.01.20, 10:30 AM EDT - 11:30 AM EDT

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.


For more information, please visit these areas: Corporate and Transactional

Contact

Insights

Webinar | 03.12.26

On-Going Government Audits of Small Business Programs: Why the Federal Government’s Focus on ‘Waste, Fraud, and Abuse’ Impacts Both Large and Small Contractors

The federal government has identified purported ‘waste, fraud, and abuse’ in small business programs as a major focus of its current enforcement efforts. As it relates to federal procurement, we have seen audits and investigations rolled out not only of active participants in the Small Business Administration’s 8(a) Business Development Program but also reviews of various types of small business contracts (such as 8(a) sole source and set-aside awards, preference-based awards, and small business set-aside awards over particular values). Join Crowell & Moring as we discuss what aspects of contract performance and teaming arrangements are being scrutinized (e.g., size/status eligibility, limitations on subcontracting compliance, reasonableness of market rates, etc.) and how these considerations can impact both small government contractors holding the prime contracts under review and their subcontractors. ...