This table presents key information about the Federal Reserve’s Main Street New Loan Facility and Main Street Expanded Loan Facility, programs offering loans to small and medium-sized b...
The government’s response to the COVID-19 pandemic and its collateral damage to the economy have been unprecedented. The government has established several programs for people who work ...
President Trump signed a $484 billion stimulus bill into law today as part of the U.S. government’s ongoing efforts to contain the economic damage from the COVID-19. The bill passed th...
We have prepared a concise table of the many Fed programs to help companies, financial institutions and markets in the coronavirus (COVID-19) emergency. The table covers discount window a...
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) established a new Paycheck Protection Program (PPP) that launched on Friday, April 3—one week after its enactment. Th...
The CARES Act provides for a $349 billion expansion of the existing Small Business Administration loan program for small businesses. However, the CARES Act does not appear to have overrid...
In light of the many questions our clients have been asking about the legal implications of the coronavirus (COVID-19) crisis and government responses to the pandemic, Davis Polk this wee...
Davis Polk has prepared two memos describing key portions of the bill just signed into law: the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). In this memo, we cover the...
The Federal Reserve announced on March 23, 2020 further action in response to the coronavirus crisis: the creation of the Secondary Market Corporate Credit Facility (SMCCF), along with es...
