The LatestWhite House Trade Adviser Peter Navarro said this week that President Trump “is very interested in something on the order of at least $2 trillion” for the next coronavirus response package. The statement is at odds with Senate Majority Leader McConnell’s (R-KY) previous assertions that a Phase 4 package should come in at
The LatestLast Friday, the President signed into law the bipartisan Paycheck Protection Program Flexibility Act (the Act), extending the covered period of expenses for which Paycheck Protection Program (PPP) loans will be forgiven from eight weeks to 24 weeks or December 31, whichever comes first. In a statement, the President said he signed
The LatestLast night, the Senate passed the bipartisan Paycheck Protection Program Flexibility Act by unanimous consent, sending it to the President for his signature. The bill extends the covered period for which Paycheck Protection Program (PPP) expenses will be forgiven beyond the current eight weeks to 24 weeks or December 31, whichever comes first.
The LatestWhile House Democrats – who passed a $3 trillion Phase 4 coronavirus response package earlier this month – and the White House and Senate Republicans remain at an impasse on moving ahead with the next phase of comprehensive relief, there has been movement towards making bipartisan, tailored reforms to the Paycheck Protection Program
The LatestLast Friday, the House passed the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES) Act, House Democratic leadership’s $3 trillion proposal for Phase 4 coronavirus response legislation. The bill, which passed largely along party lines, focuses on funding for states and local governments, including first responders, extends family and medical
The LatestOn Tuesday, House Democratic leadership introduced the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES) Act, their proposal for Phase 4 coronavirus response legislation. The $3 trillion bill focuses on funding for states and local governments, including first responders, extends family and medical leave programs, provides eviction and foreclosure protection,
The LatestThe Senate returned to Washington this week for legislative business and several committees convened hearings on the COVID-19 pandemic. On Wednesday, the Senate Commerce, Science, and Transportation Committee heard from aviation stakeholders and a public health expert during a hearing on the impact of the COVID-19 pandemic on the aviation industry and the
The LatestLast week, Congress passed, and the President signed into law, interim relief legislation, the approximately $484 billion Paycheck Protection Program and Health Care Enhancement Act. The bill includes an additional approximately $322 billion for the Paycheck Protection Program (PPP), $60 billion for Economic Injury Disaster Loan (EIDL) program grants and loans, $75
The LatestOn Tuesday, congressional leadership announced an agreement on interim relief legislation, the approximately $484 billion Paycheck Protection Program and Health Care Enhancement Act. The bill includes an additional approximately $322 billion for the Paycheck Protection Program, $60 billion for Economic Injury Disaster Loan (EIDL) program grants and loans, $75 billion for hospitals,
The LatestThe House and Senate leaders announced this week that neither chamber will return on April 20 as originally scheduled and instead plan to reconvene on May 4. As the Small Business Administration (SBA) Paycheck Protection Program (PPP) ran out of funds today, the Senate remains at an impasse on the Treasury Department’s request