COVID-19 Federal Updates: May 18, 2020
Updated: Jun 9, 2020
According the to the U.S. Department of Labor, more than 11 million Americans were laid off in March.
The U.S. House on Friday approved a $3 trillion coronavirus package that supporters hoped would open negotiations for more COVID-19 relief; the text of the HEROES Act, H.R. 6800, is here.
A one pager on the legislation is here.
A section-by-section summary is here.
A resource on the state and local relief provisions is here.
The White House released a statement yesterday on H.R. 6800, the HEROES Act, indicating the President would be advised to veto the legislation in its current form.
The House also passed a rule change temporarily allowing for remote voting during the COVID-19 crisis.
Proxy voting and remote committee business would only be allowed for a 45-day period, but it could be renewed.
The authority to enact a period of proxy voting ends at the close of the 116th Congress.
U.S. House Appropriations Chairwoman Nita Lowey shared that there is no timetable yet for when the appropriations subcommittees will mark up the fiscal 2021 spending bills.
June was the original deadline provided by House Majority Leader Steny Hoyer, however that may be unlikely as all attention will be focused on a potential fourth stimulus package in June.
On May 11, HUD Secretary Ben Carson announced the allocation of $1 billion through the Community Development Block Grant (CDBGR) program to States and insular areas in response to COVID-19.
Every state and insular area will receive a portion of the relief funds. More is here.
To date, HUD has provided over $3 billion in CDBG funding nationwide to help communities acutely combat coronavirus and alleviate economic hardship.
On May 14, FHA announced an extension of its foreclosure and eviction moratorium through June 30, 2020, for homeowners with FHA-insured Single Family mortgages, while also supporting new FHA-insured mortgage originations through an extension of temporary policy flexibilities for lenders and appraisers.
More from HUD Secretary Ben Carson on actions taken to safeguard the American renter and homeowner against impacts of coronavirus here.
On May 14, the Department of Labor’s Employment and Training Administration (ETA) announced the publication of updated guidance, including FAQs, regarding the Pandemic Emergency Unemployment Compensation (PEUC) program authorized by the Coronavirus Aid, Relief and Economic Security (CARES) Act.
On May 15, Vice Mike President Pence announced five new individuals joining the White House Coronavirus Task Force. The five new members are: Sonny Perdue (Secretary of Agriculture), Gene Scalia (Secretary of Labor), Dr. Francis Collins (Director of the National Institutes of Health), Dr. Peter Marks (FDDA Director of the Center for Biologics Evaluation and Research), and Thomas Engels (Administrator of the Health Resources and Services Administration).
Additional Federal Guidance (as of May 17 at 6:00 p.m.):
CDC - Laboratory Capacity (Click here)
CDC - Resources for Institutes of Higher Education (Click here)
CDC - Interim Guidance for Administrators of U.S. Institutions of Higher Education (Click here)
Treasury/IRS - IRS expands partner materials for Economic Impact Payments; continues effort to share details in multiple languages (Click here)
Federal Reserve - Regulators temporarily change the supplementary leverage ratio to increase banking organizations' ability to support credit to households and businesses in light of the coronavirus response (Click here)
On Friday, the Small Business Administration, in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.
Click here to view the application and instructions.
The Paycheck Protection Program is providing small businesses with the resources. As a reminder, here are additional PPP links: