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President Joe Biden recently signed into law a $1.9 trillion relief bill, known as the American Rescue Plan.
The chart below provides an overview of the highlights of the bill and how it compares to the two previous relief bills signed into law in 2020.
On March 11, 2021, the U.S. Department of Labor (DOL) announced a proposal to rescind the Independent Contractor final rule. The rule was originally published in January, but its effective date has been delayed as the result of a freeze the Biden administration ordered on regulatory changes adopted late into the previous administration.
On March 1, 2021, the Internal Revenue Service (IRS) issued Notice 2021-20 to provide guidance for employers claiming the 2020 employer retention tax credit. This tax credit was created by the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to encourage employers to keep employees on their payroll, despite experiencing economic hardships related to COVID-19.
The U.S. Food and Drug Administration (FDA) recently released an analysis that found that Johnson & Johnson’s COVID-19 vaccine is safe and effective. According to the FDA, the vaccine meets requirements for an Emergency Use Authorization (EUA).
