cares act s.3548

For purposes of subparagraph (A), rules similar to the rules of subparagraph (E) of section 408A(d)(3) of the Internal Revenue Code of 1986 shall apply. Section 72(t) of the Internal Revenue Code of 1986 shall not apply to any coronavirus-related distribution. For purposes of this subsection, the applicable period is the period beginning on the date of the enactment of this Act and ending before October 15, 2020. Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting “6428,” after “54B(h),”.

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Section 319F–2(a)(1) of the Public Health Service Act (42 U.S.C. 247d–6b(a)(1)) is amended by inserting (including personal protective equipment, ancillary medical supplies, and other applicable supplies required for the administration of drugs, vaccines and other biological products, medical devices, and diagnostic tests in the stockpile) after other supplies. For these purposes, “payroll costs” are the sum of compensation payments to (or with respect to) employees for salary, tips, leave, separation, group health, retirement, or state or local employment taxes. It does not include compensation amounts over $100,000 annually (prorated for the period), federal employment taxes, compensation to employees outside of the U.S., qualified sick leave, or qualified family leave. Not later than 180 days after the date of enactment of this Act, and every 180 days thereafter for the duration of the qualifying emergency and the following payment period, the Secretary shall submit to the authorizing committees (as defined in section 103 of the Higher Education Act of 1965 (20 U.S.C. 1003)) a report that identifies each foreign institution that entered into a written arrangement authorized under subsection (a).

In Kentucky, Health Law Helps Voters but Saps Votes

Under future rules (likely to be issued by the Treasury Department and IRS), the portion of wages that equals the value of the credit taken by an employer with respect to an employee is non-deductible. In other words, if an employer takes a $5,000 credit with respect to an employee, the employer’s future deduction for the employee’s compensation is reduced by $5,000. The amounts provided under this Act are designated cares act s.3548 as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 933(g)). $200 per day and $2,000 in the aggregate for each employee, when the employee is taking leave for a reason described in paragraph (4), (5), or (6) of section 5102(a). The amendments made by this section shall apply as if included in the enactment of the FUTURE Act (Public Law 116–91).

With New Health Law, Shopping Around Can Be Crucial

Not later than 180 days after the date of enactment of this subsection, and every 90 days thereafter, the Secretary shall transmit a report regarding the drugs of the current drug shortage list under this section to the Administrator of the Centers for Medicare & Medicaid Services. The Comptroller General of the United States shall conduct a study on the loans and loan guarantees provided under section 3102. If credit or refund of such portion is made after the date which is 45 days after the date of the enactment of this Act, no interest shall be allowed or paid under section 6611 of such Code with respect to such portion for any period before the date of the enactment of this Act.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act assists small businesses through:

cares act s.3548

The Agency shall make publicly available the methodology by which the Agency and minority business centers jointly develop the metrics and goals described in subparagraph (A). The average number of full-time equivalent employees shall be determined by calculating the average number of employees for each pay period falling within a month. The Administration shall award 20 percent of funds authorized to carry out this subsection to women’s business centers, which shall be awarded pursuant to a process established by the Administration in consultation with recipients of assistance. During the covered period, with respect to a loan made under 7(a) of the Small Business Act (15 U.S.C. 636(a)) that is sold on the secondary market, if an investor declines to approve a deferral requested by a lender under paragraph (2), the Administrator shall exercise the authority to purchase the loan so that the impacted borrower may receive a deferral for a period of not more than 1 year.

Any adjustment under subclause (I) shall not be taken into account in applying budget neutrality under clause (iii). To the maximum extent practicable, competitive procedures shall be used when entering into transactions to carry out projects under this subsection. Each reference to no damages obtained under subsection (d) shall be treated as a reference to no damages obtained under subsection (d) (including as applied pursuant to section 543(f) of the Public Health Service Act).

cares act s.3548

A description of challenges in the coding, coverage, and payment processes under the Medicare program for medical products described in such paragraph. The penalties for failure to provide timely information under clause (i) of subparagraph (C) of section 1927(b)(3) and for providing false information under clause (ii) of such subparagraph shall apply to manufacturers and sponsors of a drug or biological product under this section with respect to information under subclause (I) in the same manner as such penalties apply to manufacturers under such clauses with respect to information under subparagraph (A) of such section. For purposes of determining additional payment amounts under clause (i), a manufacturer or sponsor of a drug or biological product that submits a request described in clause (iv)(I)(aa) shall submit to the Secretary information described in section 1927(b)(3)(A)(iii). Excludes receipt of items to be used exclusively for rendering health care services in the health care professional’s capacity as a volunteer described in subsection (a)(1).

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