COVID-19 Federal Updates: March 22
Updated: Jun 9
Everything you and your business need to know about federal coronavirus response efforts for March 22, 2020.
The President indicated work on the phase 3 stimulus package was bipartisan and positive and would continue over the weekend. Reportedly, a high-level negotiation meeting is taking place as of this writing on the $1.6 trillion plus bill. Senate Republicans released their proposal this past Friday. Senate is expected to use HR 748 as the legislative vehicle for the stimulus package.
Treasury Secretary Steven Mnuchin said Sunday that a tentative stimulus package in response to the coronavirus outbreak will include two weeks of loans to small businesses and an average payment of $3,000 to a family of four.
The President discussed the previously announced travel rules with U.S., Mexico, and Canada to restrict non-essential travel across borders
President Trump spoke with small business representatives on Friday – an opportunity that was afforded to several GCP small business leaders – and assured them that the Administration is going to utilize the full extent of its authority to help small business with the economic impact of COVID-19.
The President announced he was working with FDA to speed up approval of medical supplies manufactured by companies under the Defense Production Act invoked this week.
FDA is reportedly "moving mountains" to approve anti-viral drugs that are proving safe in clinical trials to treat COVID-19.