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Additional Guidance for Coronavirus-Related Distributions and Loans Under the CARES Act

The Energy Law

resume January 1, 2021), and the term of the loan may be extended by up to 1 year from the date the loan was originally due to be repaid. Because the participant is a qualified individual, no further repayments are made on the participant’s loan until January 1, 2021 (when the balance is $19,477).

E&A 40
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Congress Passes the Corporate Transparency Act to Require Beneficial Ownership Disclosure

The Energy Law

The Corporate Transparency Act, adopted as part of the 2021 National Defense Authorization Act (the “Act”), will require certain business entities (defined as “reporting companies”) to disclose to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) the identities of their beneficial owners and applicants.

E&A 52
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Congress Passes the Corporate Transparency Act to Require Beneficial Ownership Disclosure

The Energy Law

The Corporate Transparency Act, adopted as part of the 2021 National Defense Authorization Act (the “Act”), will require certain business entities (defined as “reporting companies”) to disclose to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) the identities of their beneficial owners and applicants.

E&A 40