March 26, 2020
Dear Clients and Friends,
Like us, I’m sure you were pleased to see the $2 trillion federal aid package agreement unanimously passed by the Senate overnight. This unprecedented economic stimulus package, which is expected to be voted on in the House on Friday, will provide aid to business, workers and the health care system, including provisions for small business loans that may convert into grants depending on the actual use of those loan proceeds. We at Sills Cummis are following the legislation carefully and intend to report back to you with our analysis as soon as the package is finalized, drafted and enacted into law.
Until then, we prefer not to rely on speculation and media reports. We all expect that the law will be passed and available quickly, at which point we will provide an update and will be available to help address your questions.
As always, please feel free to reach out to us for any matters of concern.