COVID relief legislation update (Phase 4/CARES 2.0)

Hogan Lovells
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As we proceed into August, pressure continues to mount for Congress to provide additional relief to Americans impacted by the physical and economic fallout from the pandemic. Chief drivers of the potential stimulus package include the expiration, last week, of the CARES Act's US$600 per week enhanced benefit for the unemployed and a national moratorium on evictions; the Department of Commerce's release of economic data showing an annualized GDP decline of 32.9 percent; and coronavirus cases continuing to spike across various states – including some that had initially contained the spread.

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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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