Thursday, May 28 Update
Our Federal Advocacy Team is dedicated to providing frequent COVID-19 updates as they develop. Going forward, these updates will be distributed as developments warrant instead of nightly. These updates along with other resources can be found on the COVID-19 Resource Center page of Hall Render’s website.
Note – we believe this is the most up-to-date information available at this time.
SBA Issues Rule on PPP Loan Forgiveness Requirements
- The Small Business Administration issued an interim final rule to clarify Paycheck Protection Program loan forgiveness requirements and SBA’s process for reviewing PPP loan applications and loan forgiveness applications.
CMS Releases Hospital Alternative Care Site Payment Information
- CMS released a fact sheet for state and local governments regarding CMS programs and payment for care in hospital alternate care sites.
CMS Updates Medicare Payments FAQs
- CMS updated the Frequently Asked Questions to assist Medicare providers. The new material is found on pages: 31-34; 42-46; 57; 70-71.
Congressional Outlook
- The House approved a bill today to make changes to the Paycheck Protection Program that will give loan recipients more flexibility. Highlights of the measure, which passed by a vote of 417 to 1, include:
- Extending the amount of time businesses have to spend the money from 8 weeks to 24;
- Changing the percentage of funds that must be spent on payroll from 75% to 60%;
- Extending the period for making loans from June 30, 2020 to December 31, 2020; and
- Increasing the amount of time businesses have to repay the unforgiven portion of the loan to five years from two.
- The Senate could approve the House bill without changes next week. If the Senate makes changes, the House could still pass the revised measure under the proxy voting rules it adopted last week.
From the FDA
- The FDA updated the guidance document, Enforcement Policy for Face Masks and Respirators During the Coronavirus Disease (COVID-19) Public Health Emergency (Revised).
- The FDA released a letter to health care providers reminding facilities to use the correct methods of sterilization for certain N95 or N95-equivalent respirators.
- The FDA issued a guidance document entitled “Effects of the COVID-19 Public Health Emergency on Formal Meetings and User Fee Applications.”
- The FDA issued a news release on development of a new tool to aid development and evaluation of diagnostic tests detecting COVID-19 infections.
For more information, please contact:
- John Williams III at (202) 370-9585 or jwilliams@wp.hallrender.com;
- Andrew Coats at (202) 370-9587 or acoats@wp.hallrender.com;
- Abby Kaericher at (202) 780-2989 or akaericher@wp.hallrender.com; or
- Your regular Hall Render attorney.
Hall Render’s attorneys and professionals continue to maintain the most up-to-date information and resources at our COVID-19 Resource page, through our 24/7 COVID‑19 Hotline at (317) 429-3900 or by contacting your regular Hall Render attorney.
Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot—outside of an attorney-client relationship—answer specific questions that would be legal advice.
