COVID-19 Washington Update: May 2020 #4

Kelley Drye & Warren LLP
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Today’s federal government activity in response to COVID-19 includes House Democrats’ release of their Heroes Act as well as the following other developments:

Congress

Today, House Democrats unveiled their $3 trillion Heroes Act, with plans for a floor vote this Friday.

  • Among other things, the Heroes Act provides approximately $900 billion for state and local governments; establishes a $200 billion “Heroes Fund” providing hazard pay for front line workers; allocates $75 billion for additional testing and contact tracing, as well as $100 billion in grants for hospital and health care providers to cover expenses or lost revenue attributable to COVID; provides a second round of economic impact payments for families and individuals; extends enhanced unemployment benefits through next January; expands paid leave provisions as well as the CARES Act Employee Retention Tax Credit; provides $100 billion in education funding; provides additional safety net funding for food and nutrition, housing, and utility payment assistance; and includes a host of other policy priorities, including broadband funding, worker safety protections, supply chain measures, election security funding, student loan relief, assistance to agriculture producers, and grants for environmental justice.
  • More details: Heroes Act (H.R. 6800) bill text; one page summary; section-by-section summary; state and local relief highlights

The bill is House Democrats’ opening bid for negotiations on the next relief package – which could be weeks, if not longer, away. Senate Republican Leader McConnell said yesterday he remains in communication with the White House and has not yet “felt the urgency of acting immediately” as Congresses assesses the nearly $3 trillion in relief funds allocated in previous packages.

  • In floor remarks today, Leader McConnell reiterated his commitment to including COVID-related liability reforms in any future relief legislation, calling it a “red line.”

Also on Friday, the House will vote on a resolution authorizing remote voting by proxy and providing for official remote committee proceedings during the COVID-19 public health emergency.

Tomorrow afternoon, the House Select Subcommittee on the Coronavirus Crisis will hold its first briefing with a bipartisan group of experts on the requirements for safely reopening the country.

Recent Congressional Statements / Letters

Other Stakeholder Letters

White House / Agency Activity

White House

Department of the Treasury

Internal Revenue Service

Small Business Administration

Department of Labor

Food and Drug Administration

Department of Homeland Security

Department of Defense

Department of Housing and Urban Development

Department of Transportation

Environmental Protection Agency

Department of State

Federal Reserve

Federal Reserve publishes updates to the term sheet for the Term Asset-Backed Securities Loan Facility (TALF) and announces information to be disclosed monthly for the TALF and the Paycheck Protection Program Liquidity Facility, May 12, 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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