As legal, reimbursement, and other experts comb through the massive American Rescue Plan Act, more details are emerging about the $1.9 trillion COVID-19 relief package. For example: In an effort to boost oversight in 2021, ARPA provides the HHS Office of Inspector General with $5 million to investigate funding given to the Department of Health and Human Services to address COVID-19 issues.
Another example: While the new law provides an additional $7.25 billion in funding for the Paycheck Protection Program (PPP), it doesn’t extend the current March 31 deadline for PPP loans to be approved, say Jami Vallandingham and Deirdre Bird with VonLehman & Co. “But Congress is discussing another bill to extend it,” they report. And some unemployment benefits may continue making your recruitment and retention a big more difficult. “ARPA extends the extra $300 per week in unemployment benefits, over and above state unemployment benefits, through September 6, 2021,” Vallandingham and Bird point out. It also increases the maximum period of benefits from 50 weeks to 79 weeks.