Today’s federal government actions in response to COVID-19, includes House passage of the Paycheck Protection Program and Health Care Enhancement Act. President Trump is expected to sign the bill as soon as tonight.
Congress
This evening, by a vote of 388-5, the U.S. House of Representatives passed the bipartisan $484 billion “interim emergency” relief package known as the Paycheck Protection Program and Health Care Enhancement Act
- The bill contains $310 billion for the Paycheck Protection Program (with $60 billion in set-asides for smaller lenders), $60 billion for the SBA Economic Injury Disaster Loan (EIDL) / grant program, $75 billion for hospital and healthcare providers, and $25 billion for testing
President Trump has indicated he will sign the bill as soon as this evening.
The House also voted 212-182 to establish a Select Subcommittee on the Coronavirus Crisis as an investigative subcommittee of the Committee on Oversight and Reform.
Talks on a subsequent relief / recovery package are already underway, although action is not expected until next month; both chambers are in recess until May 4.
Recent Congressional Statements / Letters
- House Ways and Means Committee Chairman Neal Floor Remarks on Emergency Interim Funding Package, highlights priorities for future legislation, April 23, 2020
- House Energy and Commerce Committee Democratic Leaders: Halting WHO Funding is Dangerous, Irresponsible and Undermines the Pandemic Response Around the World, April 23, 2020
- House Energy and Commerce Committee GOP: Bipartisan Bills to Improve the Strategic National Stockpile, April 23, 2020
- House Agriculture Committee Chairman Peterson Urges Pence, Coronavirus Task Force to Address Challenge facing Hog Farmers, April 23, 2020
- New Democrat Coalition Members Send Letter to Federal Agencies to Stabilize the Mortgage Market During COVID-19, April 23, 2020
- Congresswoman Shalala Urges Protection of Property Service Workers in Coronavirus Relief Legislation, April 22, 2020
- Rural America and COVID-19: Small Towns and Rural Communities are at High Risk, Senate Democratic Policy & Communications Committee Report, April 23, 2020
- Bipartisan Senate Letter to Treasury Secretary Mnuchin Urging Extension of PTC / ITC Continuity Safe Harbor, April 23, 2020
Agency Activity
White House
Department of the Treasury
- Update to the Department’s PPP FAQs, addressing the qualification of “businesses owned by large companies with adequate sources of liquidity” for PPP loans (see Question 31); April 23, 2020
Department of Labor
Department of Health and Human Services
Centers for Medicare and Medicaid Services
Food and Drug Administration
Department of Energy
Environmental Protection Agency
Department of Education
Securities and Exchange Commission
Commodity Futures Trading Commission
Consumer Financial Protection Bureau
Federal Trade Commission
Federal Communications Commission
Federal Reserve
Federal Reserve Board outlines the extensive and timely public information it will make available regarding its programs to support the flow of credit to households and businesses and thereby foster economic recovery, April 23, 2020
State / Local Activity
Given the plethora of state and local actions, we recommend MultiState’s COVID-19 Policy Tracker as a comprehensive tool to monitor the response
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