On Wednesday, March 10, the House passed the Senate-approved version of H.R. 1319, the American Rescue Plan Act of 2021, on a 220-211 vote (title-by-title summary available here). No Republicans supported the bill, and one...more
With Introduction of HEALS Act, Bipartisan Negotiations on Phase 4 Begin in Earnest: An Analysis of the House and Senate Positions -
Senate Republicans on Monday unveiled their next COVID-19 response legislation in the...more
7/29/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Economic Downturn ,
Federal Funding ,
Financial Stimulus ,
Legislative Agendas ,
Paycheck Protection Program (PPP) ,
Proposed Legislation ,
Relief Measures ,
School Districts ,
Unemployment Benefits ,
Virus Testing
- Both chambers of Congress have passed the Paycheck Protection Program Flexibility Act of 2020. The bill now heads to President Trump’s desk for his signature.
- The measure extends the Paycheck Protection Program loan...more
6/5/2020
/ Borrowers ,
Business Expenses ,
CARES Act ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Taxes ,
Safe Harbors ,
Small Business ,
Small Business Loans
Senate Elevates Bipartisan Calls for Revisions to Paycheck Protection Program -
This week Senate Republicans and Democrats have underscored the need for a number of changes to the Paycheck Protection Program (PPP)...more
5/8/2020
/ CARES Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Federal Reserve ,
Financial Stimulus ,
Health and Safety ,
Infectious Diseases ,
Legislative Agendas ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Public Health ,
Re-Opening Guidelines ,
Relief Measures ,
SBA ,
Small Business ,
U.S. Treasury
Federal Reserve Board Announces Expanded Scope and Eligibility for the Main Street Lending Program -
The Federal Reserve Board unveiled plans yesterday to expand the scope and eligibility for the Main Street Lending...more
5/1/2020
/ CARES Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Coronavirus/COVID-19 ,
Data Privacy ,
Department of Health and Human Services (HHS) ,
Department of Labor (DOL) ,
Federal Reserve ,
Financial Stimulus ,
Health and Safety ,
Legislative Agendas ,
Main Street Lending Programs ,
New Guidance ,
Re-Opening Guidelines ,
Relief Measures ,
SBA ,
Trump Administration ,
Unemployment Benefits
President Trump Unveils Framework for “Opening Up America Again” -
President Trump yesterday provided recommendations to governors for reopening parts of the U.S. economy. The guidance, dubbed “Opening Up America Again,”...more
4/17/2020
/ CARES Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Federal Reserve ,
Food and Drug Administration (FDA) ,
Legislative Agendas ,
Public Health ,
Relief Measures ,
Trump Administration ,
U.S. Treasury
Congress Fails to Reach Agreement on Additional Dollars for Small Business and Hospitals; Agencies Act to Provide CARES Act Funding to Key Sectors -
Congressional negotiators failed to reach agreement yesterday on adding...more
4/14/2020
/ CARES Act ,
Centers for Disease Control and Prevention (CDC) ,
Centers for Medicare & Medicaid Services (CMS) ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Federal Loans ,
Federal Reserve ,
Hospitals ,
Main Street Lending Programs ,
Relief Measures ,
Small Business ,
State and Local Government ,
U.S. Treasury
Congress, Administration Call for Additional Emergency Coronavirus Relief – Differences Remain -
In coordination with congressional Republican leadership (and with little advance notice to their Democratic counterparts),...more
4/13/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Trump Administration
Pelosi and McConnell Both Look to Bipartisan Phase 4 Legislation -
Congress now likely remains adjourned until April 20 for the safety of both members and congressional staff, but discussions have already begun on a Phase...more
4/9/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Department of Energy (DOE) ,
Energy Sector ,
Financial Stimulus ,
Infectious Diseases ,
Interim Final Rules (IFR) ,
Legislative Agendas ,
Oil & Gas ,
Paycheck Protection Program (PPP) ,
Petroleum ,
Public Health ,
Relief Measures ,
SBA ,
Small Business
Policy-makers in Washington have deployed a range of actions to help address the economic fallout from the response to the COVID-19 pandemic. While not targeting the energy sector per se, recent actions taken by the Federal...more
Treasury Releases Details of Key CARES Act Loan Programs; Infrastructure Takes Center Stage in Phase 4 Relief Package -
Shortly after Phase 3 of the Coronavirus response concluded on Friday, March 27... the U.S....more
Early Wednesday morning, Senate and White House negotiators announced they had reached a deal on a $2 trillion Phase 3 economic stimulus package in response to the Coronavirus pandemic—the Coronavirus Aid, Relief and Economic...more
President Trump Signs $2 Trillion Phase 3 Deal -
Today, President Trump signed a $2 trillion Phase 3 economic stimulus package in response to the Coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security...more
Senate Considers Phase 3, Aims for Passage As Soon As Possible -
With more states issuing orders for residents to stay at home and businesses to close, the Senate failed to agree to a procedural motion on Phase 3 of the...more
3/22/2020
/ Business Closures ,
CARES Act ,
Centers for Disease Control and Prevention (CDC) ,
Coronavirus/COVID-19 ,
Defense Production Act ,
Department of Energy (DOE) ,
Department of Health and Human Services (HHS) ,
Department of Transportation (DOT) ,
Department of Veterans Affairs ,
Donald Trump ,
FEMA ,
Food and Drug Administration (FDA) ,
Medicare ,
Personal Protective Equipment ,
SBA ,
Shelter-In-Place ,
SNAP Program ,
U.S. Commerce Department ,
US Department of State
Senate Negotiates Phase 3, Aims for Passage by Monday -
Senate bipartisan working groups met well into the night on Friday and throughout the day on Saturday to negotiate Phase 3 of the Coronavirus response following Senate...more
3/21/2020
/ CARES Act ,
Centers for Disease Control and Prevention (CDC) ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
FEMA ,
Minority-Owned Businesses ,
Relief Measures ,
SBA ,
Secretary of the Treasury ,
Small Business ,
U.S. Treasury