November 20, 2020

In an interview with Bloomberg, Jenner & Block Partner Neil M. Barofsky discusses the implications of allowing CARES lending programs to expire on December 31, 2020. Mr. Barofsky describes the programs as a “backstop” that should be available in case things get bad again. As we’re seeing this tsunami of the virus sweeping across the country, and the shutdowns following it, it’s the worst time imaginable to pull the plug on these programs,” he says.