Colorado law firm Godfrey Johnson asked a federal judge to halt the Small Business Administration from enforcing a provision of the U.S. CARES Act that would “cause an economic disaster.”
The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, passed by Congress on March 27, is a $2 trillion stimulus package that, among other things, provides loans and economic relief to families and businesses impacted by the COVID-19 outbreak. On Friday, Godfrey Johnson filed an emergency ex parte motion for a temporary restraining order to prevent the SBA from enforcing an administrative rule that would exclude independent contractors as “payroll costs” in applying for small business loans under the “paycheck protection program” of the CARES Act.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]