SBA Releases Loan Necessity Questionnaire for PPP Borrowers
On October 26, 2020, the Small Business Administration (SBA) issued a notice in the Federal Register that, among other updates, announced two new forms, 3509 and 3510 (the Forms), related to the Paycheck Protection Program (PPP). Form 3509 is for for-profit businesses, while 3510 applies only to non-profit entities. These Forms will be sent by PPP lenders only to PPP borrowers who received a principal loan amount of $2 million or more, and borrowers will have ten days to complete it. According to . . . Read More
PilieroMazza’s 889 Compliance Assistance Program
The Second Interim Rule implementing Section 889, Part 2 becomes effective October 26, 2020. Section 889 Part B prohibits any executive agency from entering into, extending, or renewing a contract with an entity that uses any equipment, system, or services that uses covered telecommunications equipment or services as a substantial or essential component of any system, or as critical technology as part of any system. This second interim rule requires contractors to represent annually in the System for Award Management . . . Read More
Virginia Companies Required to Update Handbooks and Workplace Policies: Pregnancy Discrimination Updates and More
Effective October 29, 2020, Virginia employers must update their handbooks to reflect new state requirements regarding pregnancy discrimination, according to a recent law. The law adds posting requirements and is one of several state obligations recently introduced in Virginia. This client alert explains the new requirement and flags additional policy changes that employers need to take to avoid future liabilities. This year, Virginia joined a number of states that include clear prohibitions on discrimination based on pregnancy, childbirth, and related . . . Read More
DOD Extends Section 889 Waiver to September 30, 2022
In August, we wrote about a memorandum issued by Director of National Intelligence John Ratcliffe that waived the Department of Defense’s (DOD) requirements under Section 889 of the National Defense Authorization Act for Fiscal Year 2019. The Federal Register published an interim rule on July 14, 2020, that implemented Section 889, which prohibits agencies from procuring telecommunications equipment and services from Huawei Technologies Company, Hangzhou Hikvision Digital Technology Company, Hytera Communications Company, Dahua Technology Company, and ZTE Corporation. The DOD originally released a memorandum on July . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – October 22, 2020
If you have questions concerning the content below, please visit this link . WEBINAR: SBA’s Final Rule on Mentor-Protégé Programs: Key Changes for Government Contractors, October 28, 2020, Pamela Mazza and Peter Ford . Read more here . WEBINAR: Mergers and Acquisitions in Healthcare: Getting Your House in Order, November 11, 2020, Kathryn Hickey. Read more here . COVID-19 Client Resource Center: To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “COVID-19 Client Resource Center.” Contact [email protected] for immediate assistance. BUSINESS & TRANSACTIONS BLOG: Important . . . Read More
PilieroMazza Summarizes SBA’s Final Rule on Mentor-Protégé Programs
Today, SBA issued its final rule making changes to its rules on joint ventures, the mentor protégé program, the Section 8(a) program, and much more. In developing this final rule, SBA reviewed and considered the many comments it received, and PilieroMazza believes that the final rule makes many positive changes that will simplify its procedures for small businesses, particularly 8(a) program participants. Below we summarize major changes in the final rule. If you have questions concerning SBA’s final rule on its Mentor Protégé Programs, . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – October 15, 2020
If you have questions concerning the content below, please visit this link . WEBINAR: Revisiting Executive Compensation and Employee Incentive Plans, October 20, 2020, Nichole Atallah and Kathryn Hickey COVID-19 has left many companies to balance competing responsibilities. While the primary focus is on taking care of employees and ensuring business continuity, new challenges are arising in appropriately managing executive compensation. This webinar will focus on achieving business goals through attracting, incentivizing, and managing employees. [ Read More ] COVID-19 Client Resource Center: To access . . . Read More
WOSB Certification Required Beginning October 15 – Are You Ready?
As a reminder, beginning on October 15, 2020, all women-owned small businesses (WOSBs) and economically disadvantaged women-owned small businesses (EDWOSBs) pursuing WOSB/EDWOSB set-asides, as well as solicitations with pools reserved for WOSBs/EDWOSBs, must be certified as a WOSB/EDWOSB, either by SBA or a third-party certifier. The application for certification by SBA is free and may be completed at beta.certify.sba.gov . Beginning October 15, if you have not completed the certification application, this will impact your ability to bid on WOSB/EDWOSB set-aside . . . Read More
Weekly Update for Government Contractors and Commercial Businesses – October 9, 2020
If you have questions concerning the content below, please visit this link . WEBINAR: SBA in FY21: What’s Ahead for the Small Business Programs, October 14, 2020 PilieroMazza is a proud sponsor of the Small and Emerging Contractors Advisory Forum (SECAF), and PilieroMazza Partner Jon Williams is the Co-Chair of SECAF’s Planning Committee. On October 14, 2020, SECAF will be hosting a panel discussion focused on the future of the Small Business Administration’s (SBA) small business programs. [ Read More ] WEBINAR: Revisiting Executive Compensation . . . Read More
DOL Publishes Guidance on Diversity Training Executive Order
On September 22, 2020, the Trump administration issued Executive Order 13950 (the Order) prohibiting workplace training that involves “sex stereotyping” or “scapegoating.” The Order is applicable to federal employees, the military, and private entities that receive grants or federal government contracts. While there is much we do not know about the implications of the Order, this client alert examines the U.S. Department of Labor’s (DOL) limited guidance, issued yesterday, which sheds some light on the Order’s requirements and its implications . . . Read More