Category: Jennifer A. Short

Old Dominion, New Privacy Law: The Virginia Consumer Data Protection Act

With the recent adoption of the Virginia Consumer Data Protection Act (“VCDPA”), the state’s consumers will have new rights to understand what data a company collects about them, how that data is used, and with whom they share it. In short, the new law will have a national impact on any company doing business in the state.

Led by attorneys from Blank Rome’s Privacy, Security & Data Protection and White Collar Defense & Investigation Groups, this complimentary webinar will provide in-depth analysis of the VCDPA and timely insights on how businesses should prepare to comply with its provisions, including discussion of:

      • Scope of the VCDPA;
      • The VCDPA compared to the California Consumer Privacy Act and other privacy regimes;
      • New data rights of consumers;
      • Information security requirements; and
      • Issues related to enforcement.

PRESENTERS

  • Sharon R. Klein, Partner and Chair, Privacy, Security & Data Protection, Orange County, CA
  • Alex C. Nisenbaum, Partner, Privacy, Security & Data Protection, Orange County, CA
  • Jennifer A. Short, Partner, White Collar Defense & Investigations, Washington, D.C.

CLE Credit

This course is anticipated to qualify for the following CLE credits: VA 1.0 general credit

QUESTIONS? Please contact Courtney Litman via e-mail.

Tuesday, September 21, 2021
10:00‒11:00 a.m. PDT / 1:00‒2:00 p.m. EDT
Online Event

REGISTER HERE

Paycheck Protection Program Audits Are Upon Us—Borrowers Prepare!

Merle M. DeLancey Jr., Craig Stetson*, and Jennifer A. Short

In our last post on this topic, we touched on how the acceptance, use, and forgiveness of Paycheck Protection Program (“PPP”) loans can be viewed in the context of a Defense Contract Audit Agency (“DCAA”) audit. This post focuses on audits and investigations involving PPP loans. Close scrutiny of PPP loans is not a prediction; it is reality. The Small Business Administration (“SBA”) has announced it will audit all PPP loans in excess of two million dollars following a lender’s submission of a borrower’s loan forgiveness application, and it reserves the right to “spot check” any PPP loan of a lesser amount at its discretion. The Department of Justice has already charged multiple individuals with PPP fraud. And this is just the beginning of what many think will be a tidal wave of enforcement activity involving PPP loans.

Overview of the PPP

The PPP is the largest relief measure for small businesses under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The government has made available nearly one trillion dollars in PPP relief funds through four separate funding measures ($349 billion via the CARES Act; $310 billion via the PPP and Health Care Enhancement Act; $284 billion via the Consolidated Appropriations Act of 2021; and $7.25 billion via American Rescue Plan Act of 2021).

The PPP makes available guaranteed SBA loans to small business that meet certain eligibility requirements. In addition, PPP loans can be forgiven fully if used properly to cover specified business expenses such as payroll, rent, utilities, mortgage interest, and other limited uses. As of April 11, 2021, the SBA had approved more than 9.5 million loans totaling more than $755 billion using more than 5,400 lenders.

Continue reading “Paycheck Protection Program Audits Are Upon Us—Borrowers Prepare!”
Exit mobile version
%%footer%%