CARES Act/Federal Reserve Act Section 13(3) Weekly Update: MSLP, PMCCF and PPP
In response to the COVID-19 crisis, the federal government has launched a number of emergency financing facilities, including programs authorized by the CARES Act and new programs established by the Federal Reserve under Section 13(3) of the Federal Reserve Act. Some of the CARES Act Title IV facilities are administered by the Federal Reserve and intersect with its Section 13(3) financing programs.
In this webinar, our panelists discuss the Federal Reserve's Main Street Lending Program (MSLP) and Primary Market Corporate Credit Facility (PMCCF), as well as give an update on the PPP.
As a follow-up to our May 1 webinar, which provided an overview of these emergency financing facilities, we are commencing weekly webinars each Friday at noon that will focus on specific new financing facilities and developments as the new programs are implemented.