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The ESOP Association

ESOP Association Resources

Jun. 26
Washington Alert: PPP Interim Final Rule Released 
On June 22nd, the Small Business Administration (SBA) and Department of the Treasury released revisions to the interim final rule on forgiveness and the interim final rule on loan review procedures for PPP loans.
Jun. 24
Washington Alert: OSHA Issues Detailed Guidance on Reopening Businesses
Companies planning to re-open their doors have a new resource to help them: The Occupational Safety and Health Administration (OSHA) has released guidance employers should use when developing policies and procedures that ensure the safety and health of their employees.
Jun. 19
Washington Alert: Revised PPP Loan Forgiveness Application and EZ Application
Wednesday, The Small Business Administration (SBA) released two important documents related to the Paycheck Protection Program (PPP):
Jun. 10
Washington Alert: OSHA Issues Guidance on Facemasks in the Workplace
New guidance from The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) outlines the differences between cloth face coverings, surgical masks and respirators.
Jun. 04
PPP Modifications Await President’s Signature
PPP loan recipients gain new flexibility, while retaining loan forgiveness.
Apr. 27
Washington Alert: CARES Act Analysis of How Small Businesses Should Assess “Necessity” in Obtaining (or Considering Whether to Immediately Repay) Paycheck Protection Program Loans
There has been a clear shift in the political environment propelled by public discussions of certain large, public companies obtaining loans under the Paycheck Protection Program (the “PPP”) authorized by the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), including Shake Shack, Ruth’s Chris and others[1]. During this time, many small businesses have been quoted in the press expressing frustration with their inability to access the PPP program prior to the first round of guarantee authority being exhausted.
 
Apr. 24
Washington Alert: ESOP Association Advocacy Helps Score Major Win for ESOPs
New guidance assures that ESOP companies are eligible for key federal relief under the Paycheck Protection Program.
Apr. 24
Washington Alert: EEOC Guidance Can Help Employers Plan to Return to Work
New guidance and a resource page from the EEOC can help reduce risk as employers make plans to reopen their businesses.
Apr. 22
Washington Alert: Senate Passes Interim Relief Funding, House to Vote Thursday
Congress and the Trump Administration have reached a deal on a new round of coronavirus aid entitled the Paycheck Protection Program Increase Act of 2020. The ESOP Association has remained aggressively engaged with key leaders in Congress and the White House to ensure ESOPs and employee owned businesses remain front of mind as legislation is drafted.
Apr. 08
Washington Alert: Senators Tell SBA That ESOPs Qualify for Relief, Urge Clear Instruction to Lenders
In response to TEA request, two influential Senators take action to clear the way for ESOPs to receive PPP funds.