Labor/Employment
Apr. 2, 2020
Labor lawyers pleased with CARES but say ambiguity remains
The Coronavirus Aid, Relief, and Economic Security Act includes several provisions to bolster businesses, including the Paycheck Protection Program, which provides loans administered through the Small Business Administration to eligible companies to cover payroll costs, rent, utilities and debt interest.
As employers increasingly find themselves weighing employee pay cuts, furloughs and layoffs to stay afloat through the COVID-19 pandemic, many have started asking whether a $2 trillion economic stimulus bill approved by President Donald Trump could provide some relief. But while attorneys generally agree the federal bill is a well thought out lifeline for businesses across the country, they also say there is ambiguity around how — and when — the new policies will be ...
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