Within the past 36 hours, the federal government has promulgated four new sets of regulations and guidance based on legislation passed in response to the COVID-19 pandemic. Copies of these materials may be found here:
- US Department of the Treasury – Interim Final Rule regarding Paycheck Protection Program (CARES Act)
- Internal Revenue Service – IR-2020-62 News Bulletin regarding Employee Retention Credit (CARES Act)
- Internal Review Service – COVID-19- Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQ (FFCRA)
- US Department of Labor – Final Rule: Paid Leave under the Families First Coronavirus Response Act (FFCRA)
We are in the process of reviewing these regulations and will be sharing our analysis soon. In the meantime, we are distributing links to these materials in their entirety to assist healthcare providers and their practices amid the rapidly evolving circumstances.
The COVID-19 pandemic and response is an evolving situation. All levels of government are engaged in the process of preparing new legislation, regulations and orders both to stem the spread of the virus and to provide relief to employers and employees. We will continue to monitor the situation and provide updates as applicable, especially as such updates affect healthcare providers and their practices.
For more updates on this topic and other legal updates related to the COVID-19 pandemic, please visit our COVID-19 Legal Resource Page by clicking here.