April 23, 2020 | New York Law Journal
Mid-Sized Businesses May Be Eligible To Participate in the Main Street New Loan Facility and the Main Street Expanded Loan FacilityThe Treasury Department and Federal Reserve Board of Governors are leveraging the existing powers of the Federal Reserve under §13(3) of the Federal Reserve Act to provide credit to private enterprises under the "exigent" circumstances created by the COVID-19 pandemic.
By Howard Berkower, William D. Brown Jr. and Curtis A. Johnson
6 minute read
Trending Stories