COVID-19 Legislative Updates

The Treasury Department and the Federal Reserve is taking important action to support American workers and businesses who are impacted by the coronavirus. Since the recent legislation package was passed by Congress and signed by President Trump these specific sites provide a wide range of resources for individual Americans and the business community.

Over the coming days, RILA expects Treasury and the Federal Reserve to issue guidance around the emergency lending provisions and RILA will sending out information as it is released.

Legislative Actions I Source GovTrack

H.R. 6074: Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 — Enacted March 4, 2020. Provided $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak related to developing a vaccine, medical supplies, grants for public health agencies, small business loans, and assistance for health systems in other countries. Allowed for temporarily waiving Medicare restrictions and requirements regarding telehealth services.

H.R. 6201: Families First Coronavirus Response Act — Enacted March 18, 2020. Guaranteed free coronavirus testing, established paid leave, enhanced unemployment insurance, expanded food security initiatives, and increased federal Medicaid funding.

H.R. 748: Coronavirus Aid, Relief, and Economic Security Act — Enacted March 27, 2020. A $2 trillion coronavirus relief bill, which will send $1,200 to each American making $75,000 a year or less, add $600/week to unemployment benefits for four months, give $100 billion to hospitals and health providers, make $500 billion of loans or investments to businesses, states and municipalities, and $32 billion in grants to the airline industry, and more.

coronavirus.skoposlabs.com — Other legislative activities and federal regulations tracked by Skopos Labs

Policy analysis: CRS reports related to COVID-19 (everycrsreport.com), Oversight & Policy Resources (POGO)


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