CAA – Coronavirus (COVID-19)

January 5, 2021 by Duane Morris

Pandemic Relief Extension for Employers and Employees: Enough to Stem the Tide? Perhaps for the Short Term

In response to the country’s continued battle with the COVID-19 pandemic, in late December, Congress passed and the president signed the Consolidated Appropriations Act, 2021 (CAA). The CAA extends the deadlines for various relief programs in the Coronavirus Aid, Relief and Economic Security Act and its progeny. This development brings some welcome news for both employers and employees, though the incoming administration has all but assured changes are on the horizon.

To read the full text of this Duane Morris Alert, please visit the firm website.

January 4, 2021 by Duane Morris

Transportation Industry Receives Billions in COVID-19 Financial Assistance in December Relief Bill

On December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (CAA), signed by President Trump on December 27, 2020, which provides more than $45 billion in critical financial assistance to the transportation industry, one of the industries most distressed by the COVID-19 pandemic. Similar to the CARES Act, the stimulus bill passed earlier in 2020, financial assistance in the CAA comes in the form of grants that are available until expended, with varying stipulations and assurances from the federal government attached. The primary beneficiaries under the CAA include airlines, public transit agencies and transportation service providers.

To read the full text of this Duane Morris Alert, please visit the firm website.