Two calls are scheduled for next Tuesday, April 14, for the U.S. Treasury Department to solicit comments from tribal leaders on two major programs under the Coronavirus Aid, Relief, and Economic Security (CARES) Act: the Paycheck Protection Program (PPP) and the Employee Retention Credit. Both consultation calls result from questions on how federal agencies interpret and limit the CARES Act for tribes and their enterprises:
The first, scheduled for 1:30-2:30PM (EDT), will discuss the eligibility of tribal employers to participate in the PPP loan program. Representatives from the Small Business Administration will also be on the call.
The second takes place from 3:00-4:00PM (EDT) and will focus on the eligibility of tribal businesses to claim the Employee Retention Credit. This call will be jointly hosted by Treasury and the IRS.
Only primary tribal leaders (or their designated appointee) will be allowed to participate in the two consultation calls; others can join in listen-only mode. Click here for call-in numbers and passcodes.
REDW is committed to keeping you informed at all times, but especially during a crisis of the magnitude of the COVID-19 pandemic. Stay connected with us on LinkedIn and @REDWLLC. Or check out some of our other updates here.
