COVID-19 Federal Updates: March 21
Updated: Jun 9
Everything you and your business need to know about federal coronavirus response efforts for March 21, 2020.
U.S. Senators left on Friday night without a deal on a federal stimulus package. Talks will carry over into Saturday. Senate Majority Leader Mitch McConnell has set up the first vote related to the package over the coronavirus for Sunday.
On Friday, the President held his daily press conference and made several announcements related to the COVID-19 response at 11:45 a.m. EST. Press conferences from the White House are typically held daily at 11:30 a.m. EST and can be viewed at https://www.whitehouse.gov/live/.
Treasury Secretary Steve Mnuchin announced at the President's directive, the Administration will move Tax Day from April 15 to July 15. The Ohio Department of Taxation is working quickly to evaluate the application to Ohio law.
The Education Secretary will waive all interest on federal student loans, so borrowers can suspend their student loan payments without penalty for at least 60 days.
Interest rates on all federally-held students loans held by the Federal government will be set to 0% for at least 60 days.
Borrowers will also have the option to suspend their payments for at least two months during this national emergency.
Borrowers who are or become more than 31 days delinquent on their payments will receive an automatic suspension of payments.
President Trump canceled the G7 meeting at Camp David and will make it a teleconference in June.
The U.S. State Department is warning American citizens to avoid all international travel, issuing a Level 4: Do Not Travel advisory—the department’s highest-level travel alert. For those abroad, they are encouraged to return to the U.S. immediately if commercial flights are available OR prepare to shelter in place.
US, Mexico & Canada have agreed to restrict all non-essential travel across our borders. This does not include commerce, trade, or educational purposes.
The National Institutes of Health announced it is pausing all laboratory operations except for research related to COVID-19, care of human research participants and animals used in research, and other urgent needs. Other work will be conducted remotely to the extent possible.
More Federal Updates
The Federal Reserve announced that it would extend its asset purchase program into municipal bonds.
To help students and teachers impacted by school closures, the Administration will grant waivers to states for Federal testing requirements for this school year.
Any state that is unable to assess its students in accordance with federal testing requirements due to school closures may seek a waiver from the Department of Education.
This action will allow teachers to focus on adapting to remote learning and will help students prioritize staying healthy.
State and local leaders will have the flexibility to do what is best for the health and safety of their students and teachers.