COVID-19 Washington Update: May 2020 #3

Kelley Drye & Warren LLP
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Today's federal government response related to COVID-19 includes:

Congress

The timing for House action on Democrats’ yet-to-be-unveiled CARES 2.0 proposal remains uncertain.

  • Earlier today, Majority Leader Hoyer informed Members that conversations surrounding the CARES legislation and a Rules change related to remote work – including proxy voting as well as remote committee hearings and markups – are “ongoing.”

  • Abiding by the 72 hour rule, Hoyer indicated the earliest the House would reconvene is this Friday, May 15. For a Friday vote, legislative text would need to be released tomorrow. The vote could slip to next week.

  • In a weekend Dear Colleague, House Speaker Pelosi again highlighted her priorities for CARES 2.0.

Relevant Hearings This Week

Recent Congressional Statements / Letters

Other Stakeholder Letters

Agency Activity

Internal Revenue Service

Department of Labor

Small Business Administration

Department of Health and Human Services

Food and Drug Administration

National Institutes of Health

Department of Housing and Urban Development

Federal Energy Regulatory Commission

Federal Communications Commission

Federal Reserve

Federal Reserve publishes updates to the term sheet for the Municipal Liquidity Facility, May 11, 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

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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