Tag Archives: coronavirus aid relief and economic security act

Report: Treasury Mulls Setting Aside Nat’l Security Business Relief Funds Under $17B Loan Program

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

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DoD to Use $688M in CARES Act Funds to Support Aircraft Propulsion, Shipbuilding Industries

The Department of Defense plans to use $688M in funds under the Coronavirus Aid, Relief and Economic Security Act to address the financial impacts of the COVID-19 pandemic on the defense industrial base and promote local job creation efforts, Defense News reported Tuesday.

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LexisNexis Risk Solutions Report Shows Growing Shift Toward Mobile Fraud; Haywood Talcove Quoted

Haywood Talcove

A new LexisNexis Risk Solutions report examined the global cyber threat landscape between July 2019 and December 2019 and found a year-over-year growth rate of 56 percent in attacks targeting mobile transactions compared with a growth rate of 23 percent for desktop attacks.

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Ellen Lord: Treasury Consults With DoD on Possible Eligibility Expansion for $17B Loan Program

Ellen Lord

Less than 20 defense companies have applied for $17B worth of loans under the Coronavirus Aid, Relief and Economic Security Act and Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said the Treasury Department is working with DoD as it considers how to expand the eligibility requirements for such loans, Defense News reported Thursday.

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Treasury Wants National Security Firms Seeking Loans to Propose Financial Instruments

treasury-wants-national-security-firms-seeking-loans-to-propose-financial-instruments

The Department of the Treasury will require publicly traded defense contractors and other national security firms applying for loans under the Coronavirus Aid, Relief and Economic Security Act to provide “appropriate financial instruments” such as equity stakes and warrants, Reuters reported Friday.

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LexisNexis’ Haywood Talcove: Federal Gov’t Should Work With Industry to Protect Relief Funds From Fraudsters

lexisnexis-haywood-talcove-federal-govt-should-work-with-industry-to-protect-relief-funds-from-fraudsters

Haywood Talcove, CEO, Government, LexisNexis Risk Solutions and LexisNexis Special Services, wrote in an opinion piece published Friday that the federal government should collaborate with industry to protect stimulus funds from fraudsters as it works to provide economic relief to U.S. businesses and families during the COVID-19 pandemic as part of the $2T Coronavirus Aid, Relief and Economic Security Act.

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GMU GovCon Center: Federal Gov’t Uses Rapid Contracting Approaches for COVID-19 Response

Jerry McGinn GovConExpert

A report by George Mason University’s Center for Government Contracting says federal agencies have been using rapid contracting procedures to speed up contract awards in response to the coronavirus pandemic. Agencies are using Federal Supply Schedules as one of the contract flexibilities under the Federal Acquisition Regulation. Government-wide contracts accounted for $527M of COVID-19-related contract obligations, while indefinite-delivery/indefinite-quantity contracts represented $787M.

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EM’s Weekly Roundup: Major Wash100 Voting News; Lockheed Martin Reports Effects of COVID-19; Paul Dillahay Comments on New NCI Contract; Orlando Figueredo Joins Perspecta; AEgis Technologies Group Acquires EMRC Heli; Frank Abagnale Talks IRS and CARES Act & Weekly Top Ten Stories

**NEWS ALERT** Gina Haspel Overtakes Top Spot in Wash100 Vote Rankings; Stacey Dixon, Juliane Gallina, Katie Arrington Push into Top 10  After rising in the 2020 Wash100 Rankings for the past few weeks, Gina Haspel, director of the Central Intelligence Agency (CIA) has overtaken first place. Her ascension in the …

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