Tag Archives: CARES Act

May 7, 2020

CARES Act Temporarily Suspends Sequestration: How Will It Affect Provider Reimbursement?

By Arthur J. Fried of Epstein Becker & Green

One of the many relief efforts contained in the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), signed into law on March 27th, 2020, is a hiatus of sequestration as it applies to Medicare payments. Section 4408 of the CARES Act exempts Medicare from the effects of sequestration from May 1, 2020, through December 31, 2020.[1] It also postpones the sunset of sequestration as it applies to Medicare from the end of 2029 to the end of 2030.

Posted in Healthcare
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ILN Today Post
May 7, 2020

Federal Reserve announces creation of Main Street Lending Program

By McDonald Hopkins LLC

The Federal Reserve has announced the creation of the Main Street Lending Program. The Program is intended to assist smaller and medium-sized businesses that were sound financially before the COVID-19 pandemic and that need financing alternatives. Businesses that were unable to access Payroll Protection Program (PPP) funding or require additional funding after receiving a PPP loan may also access the Program.
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Posted in Corporate Law
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ILN Today Post
April 1, 2020

CARES Act: No required distributions for 2020

By McDonald Hopkins LLC

The CARES Act waives the 2020 minimum distribution requirement for many retirement plans and IRAs. You can take the distribution if you prefer, of course, but you will not be penalized if you do not. This will be welcome relief for people who do not want to liquidate investments in a down market in order to satisfy the minimum distribution requirement. READ MORE 

Posted in Uncategorized
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