Regulatory Risks For Borrowers Under The Cares Act Loan Programs (Volume 36, Number 12, December 2020)
Author: George A. Stamboulidis.; Patrick T. Campbell.; Lauren Lyster.
Source: Volume 36, Number 12, December 2020 , pp.143-158(16)
Abstract:
In this article, the authors provide an overview of key CARES Act loan programs and the oversight bodies Congress established to monitor loan activity. They then turn to current government enforcement activity and where the DOJ and SEC may be headed in the future. They conclude with best practice recommendations for borrowers to avoid being on the wrong end of an investigation or enforcement proceeding for alleged CARES Act loan fraud.Keywords: Coronavirus Aid, Relief, and Economic Security (CARES) Act; Paycheck Protection Program; Economic Injury Disaster Loans Program (EIDL); Exchange Stabilization Fund Loans (ESF)
Affiliations:
1: BakerHostetler; 2: BakerHostetler; 3: BakerHostetler.