COVID-19 Federal Updates: May 8, 2020
Updated: Jun 9
The total number of cases world-wide rose to nearly 3.85 million Friday, with about a third of those in the U.S., according to data compiled by Johns Hopkins University.
The U.S. death toll, the highest in the world, stood at more than 75,000, according to Johns Hopkins.
Speaker Nancy Pelosi and House Democrats are planning to unveil a CARES 2 package in the coming days, with a possible (not yet confirmed) House floor vote as early as next week.
The bill’s release is “imminent,” and is expected to include at least $800 billion in funding directed to state and local governments, along with money for COVID-19 testing and food stamp funding, unemployment support and other direct payouts for the needy and unemployed.
“This is not plowing any new territory,” Pelosi said. “It is digging deeper with more money.”
House passage would set up a clash with Republicans in the Senate, where Majority Leader Mitch McConnell is calling for a “pause” in emergency aid, to allow the trillions of dollars already allocated to get out the door.
Having put negotiations on pause, Senate Republicans continue to insist on including language to protect businesses from virus-related lawsuits and liability.
On Thursday, President Trump said that employers. including sports stadiums and team owners, need protection from lawsuits that may stem from infections with COVID-19 as national activities resume
U.S. House Republican Leader Kevin McCarthy named Ohio Congressman Anthony Gonzalez to a new GOP task force that will examine Chinese threats to the United States.
President Trump said on Wednesday that the coronavirus task force will continue on “indefinitely” as the country struggles with the balancing act of reopening the economy and stemming the spread of the virus, with more dire economic numbers set to be released on Friday.
The president made the announcement a day after he and Vice President Pence said the task force would soon be wound down.
The Export-Import Bank of the United States (EXIM) announced the launch of its “Strengthening American Competitiveness” initiative.
It will begin with a kick-off series of teleconferences with American businesses and stakeholders, and will focus on how EXIM can support U.S. companies that seek to compete in the global marketplace.
Additional Federal Guidance (as of May 7, 2020 at 5:00 p.m.):
HHS - HHS Extends Deadline for Attestation, Acceptance of Terms and Conditions for Provider Relief Fund Payments to 45 Days (Click here)
HHS - HHS Awards More than Half Billion Dollars Across the Nation to Expand COVID-19 Testing (Click here)
CMS - May 7 News Alert (Click here)
CMS - Interim Final Rule Updating Requirements for Notification of Confirmed and Suspected COVID-19 Cases Among Residents and Staff in Nursing Homes (Click here)
FDA - May 6 Daily Roundup (Click here)
FDA - FDA Continues to Combat Fraudulent COVID-19 Medical Products (Click here)
NIH - NIH-supported research survey to examine impact of COVID-19 on rare diseases community (Click here)
DHS-FEMA - How We Make Decisions During COVID-19 to get Supplies to the Right Place at the Right Time (Click here)
Treasury/IRS - Three new credits are available to many businesses hit by COVID-19 (Click here)
DOL - U.S. Department of Labor Awards Over $10 Million in Dislocated Worker Grants in Response to the Coronavirus Public Health Emergency (Click here)
DOC - U.S. Department of Commerce Announces Availability of $1.5 Billion in CARES Act Funds to Aid Communities Impacted by the Coronavirus Pandemic (Click here)
U.S. Treasury announced via an update to its FAQs (Questions 44-45) that the safe harbor for returning PPP funds has been extended until May 14, 2020. Here is additional guidance regarding the Paycheck Protection Program:
Summary of Round 2 Data (Updated on May 7, 2020)
PPP Round 2 loan data will be posted at the above link EOD going forward.
The CARES Act provides a mortgage payment forbearance option for all borrowers who, either directly or indirectly, suffer a financial hardship due to the novel coronavirus (COVID-19) national emergency.
Click here for a fact sheet.
U.S. Secretary of Commerce Wilbur Ross announced that the Economic Development Administration (EDA) is now accepting applications for our $1.5 billion CARES Act Recovery Assistance funding opportunities.