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On Dec. 21, 2020, Congress approved H.R. 133, referred to as the “Consolidated Appropriations Act, 2021” (the Act). The legislation, signed into law by President Trump on Dec. 27, 2020, enhances and expands certain provisions of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the CARES Act) (H.R. 748) and changes the Paycheck Protection Program (PPP) administered by the U.S. Department of the Treasury’s Small Business Administration (SBA) by (i) authorizing additional liquidity for a second round of PPP loans and (ii) expanding PPP borrower eligibility in some instances, while implementing changes to PPP loans that will impact both new and existing PPP borrowers.

Continue reading the full GT Alert, “Paycheck Protection Program – Expected Impact of ‘Second Draw’ Loans.”

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Photo of Barbara A. Jones Barbara A. Jones

Barbara A. Jones is a member of the firm’s Global Securities practice group and serves as Co-Chair of the firm’s interdisciplinary Blockchain & Cryptocurrency practice group. She is also co-coordinator of the firm’s interdisciplinary Conflict Minerals Compliance Initiative. Barbara maintains a diverse corporate

Barbara A. Jones is a member of the firm’s Global Securities practice group and serves as Co-Chair of the firm’s interdisciplinary Blockchain & Cryptocurrency practice group. She is also co-coordinator of the firm’s interdisciplinary Conflict Minerals Compliance Initiative. Barbara maintains a diverse corporate and securities law practice across industry groups, emphasizing complex international and domestic transactions, including blockchain and cryptocurrency transactions, private and public financings (including token offerings), dual listings, mergers and acquisitions, strategic collaborations and joint ventures, and licensing transactions. Her practice includes serving as a trusted advisor to public and private company boards of directors on governance and complex regulatory reporting and compliance issues. Barbara’s clients include financial institutions, private equity and venture capital groups, and companies in blockchain, life sciences and biotechnology, information technology, energy (traditional and renewable), mining, defense and security, telecommunications, media, entertainment and sports. Barbara is also active in the representation of Olympic athletes and sports-related organizations.

Barbara practiced U.S. law in London from 1990 through 2003, and headed the international capital markets practice of a major U.S. law firm from 1999 to 2003 before relocating to Boston. From 1997 to 1999, she served as Vice-President, Assistant General Counsel and Regional Counsel for capital markets with J.P. Morgan Securities Ltd. in Europe, the Middle East and Africa. Since returning to the U.S., she has continued to actively represent public and private companies, private equity groups and investment banks in the European, Scandinavian, African and greater Asian markets, including China.

Barbara is a past chair of the ABA’s Subcommittee on International Securities Matters. She is a frequent speaker at conferences relating to cross-border securities matters and strategic alternatives.

Photo of Marvin A. Kirsner Marvin A. Kirsner

Marvin A. Kirsner is a shareholder in the Fort Lauderdale office where his primary areas of practice deal with corporate, transactional and industry specific tax issues. He serves as the Co-Chair of the State and Local Tax (SALT) Practice.

Photo of Robert Mangas Robert Mangas

Rob Mangas is Co-Managing Shareholder of the Washington, D.C. office and Co-Chair of the firm’s Washington, D.C. Federal Government Law & Policy Practice. Rob focuses his practice on advocacy before the U.S. Congress and federal agencies. He represents clients in a variety of…

Rob Mangas is Co-Managing Shareholder of the Washington, D.C. office and Co-Chair of the firm’s Washington, D.C. Federal Government Law & Policy Practice. Rob focuses his practice on advocacy before the U.S. Congress and federal agencies. He represents clients in a variety of different industry sectors, and is experienced in navigating U.S. House and Senate Rules and in legislative drafting.

Photo of Carl A. Fornaris Carl A. Fornaris

Carl A. Fornaris is Co-Chair of the firm’s Financial Regulatory and Compliance Practice. With 27 years of legal experience, Carl advises a broad range of financial services firms – banks and their holding companies, money services businesses, investment advisers, securities broker dealers, gaming

Carl A. Fornaris is Co-Chair of the firm’s Financial Regulatory and Compliance Practice. With 27 years of legal experience, Carl advises a broad range of financial services firms – banks and their holding companies, money services businesses, investment advisers, securities broker dealers, gaming firms, Fintechs, cryptocurrency firms and other institutions – on all aspects of their business. These include formation and licensing, capital-raising transactions, acquisitions and divestitures, USA PATRIOT Act/BSA/AML compliance and OFAC sanctions programs, cryptocurrency regulation, mobile money and FinTech, federal and state agency enforcement proceedings, Dodd-Frank Act compliance and COVID-19/CARES Act economic stimulus program advice (ranging from Small Business Administration PPP loans to Federal Reserve Main Street program loans). Throughout his career, Carl has counseled clients in their dealings with the Federal Reserve, OCC, FDIC, FinCEN, SEC, FINRA, Florida Office of Financial Regulation, New York Department of Financial Services and other state supervisory authorities.

Carl is also active representing lenders and credit parties in financing transactions, particularly credits to non-U.S. loan parties, asset-based credits, acquisition financing and stand-by letters of credit.

Carl is a past General Counsel of the Florida International Bankers Association and sits on its Board of Directors. Previously, he served as Head of Legal and Compliance for the Latin America region of Barclays Bank PLC, with responsibility for managing legal and compliance matters throughout the region. Carl is an adjunct professor in the Business Law Department of the University of Miami Business School.

Photo of Bryan X. Grimaldi Bryan X. Grimaldi

Bryan Grimaldi counsels corporate clients, trade associations, destination marketing organizations, and public-private partnerships (P3) nationwide providing industry-specific, cost effective, outside counsel services, operational consulting, and advocacy. With deep knowledge of politics and the ability to navigate complex issues in dynamic environments, Bryan provides

Bryan Grimaldi counsels corporate clients, trade associations, destination marketing organizations, and public-private partnerships (P3) nationwide providing industry-specific, cost effective, outside counsel services, operational consulting, and advocacy. With deep knowledge of politics and the ability to navigate complex issues in dynamic environments, Bryan provides clients a unique perspective on how to deftly handle making an organization successful and bridge the gap between business goals and legal issues, among multiple constituencies.

Bryan develops tailored strategies for his clients as well as with businesses experiencing legal and policy obstacles with their city. He has broad experience in the travel & tourism industry, government relations, not-for-profit management and public/private partnerships.

Bryan draws from his nearly 15 years as Chief Operating Officer & General Counsel at NYC & Company, Inc, New York City’s official marketing, tourism, and partnership organization, where he led the organization on legal, business development, licensing, government relations, regulatory, and policy matters. Bryan provided strategic counsel and advised on matters that advanced the organization’s mission, while growing and protecting its funding streams.

Having served three mayors of New York City, Bryan has deep government experience, credibility, and broad knowledge of the private sector, including sports leagues, marketing firms and industry associations, particularly in relation to the travel, tourism, and hospitality industries.  He draws on his wide-ranging understanding of policy issues and the regulatory schemes of cities, states, and the federal government to represent clients in policy initiatives, transactions, and government relations matters. In his role at the membership-based trade association NYC & Company, Bryan lead the organization on legal, regulatory and policy matters with a focus on the members’ strategic objectives and provided advice on matters that advanced the organization’s mission. He was responsible for centralizing New York City’s marketing, licensing, and other intellectual properties, including the NYPD and FDNY brands.

Bryan previously served as general counsel in the Mayor’s Office of International Affairs, where he provided legal counsel and support to city agencies and senior administration officials in dealings with the United Nations, foreign governments, diplomats, and federal agencies.

Photo of Marc J. Musyl Marc J. Musyl

Marc J. Musyl has wide-ranging experience representing public and private business clients in dispositions, mergers and acquisitions of all sorts as well as contracting, licensing, corporate governance and compliance. He is experienced in capital markets transactions including public and private offerings of equity…

Marc J. Musyl has wide-ranging experience representing public and private business clients in dispositions, mergers and acquisitions of all sorts as well as contracting, licensing, corporate governance and compliance. He is experienced in capital markets transactions including public and private offerings of equity and debt. He has broad industry experience specifically including financial services (where he has represented banks, clearing firms, brokerage firms, investment advisors and investment banks); energy; mining and natural resources; agriculture; aerospace; bioscience; manufacturing; and computer software. In addition, Marc chairs the firm’s Unclaimed Property Practice Group.