What's Being Done
H.R. 748 - CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT (Updated, March 31, 2020)
This $2 trillion dollar investment, will immediately bolster our health care response and our economy and includes strong worker protections, a Marshall Plan for our hospitals, and much more.
$260 billion massive investment in the Unemployment Insurance program.
- Full Paycheck Replacement: An additional $600 per week for all those receiving unemployment benefits, available for four months. This equates to 100 percent of wages for the average American without a paycheck struggling through the crisis.
- Waiving the Waiting Weeks: Gets money in people’s pockets sooner by providing federal incentives for states to eliminate the waiting weeks between applying for and receiving unemployment assistance.
- Extension of Benefits: An additional 13 weeks of federally-funded unemployment insurance benefits are immediately be made available.
- Expanding Access: Allow part-time, self-employed, and gig economy workers to access UI benefits.
$150 billion unprecedented and historic Marshall Plan investment for our health care system in its fight against the COVID-19 pandemic.
- Equipment and Infrastructure: Personal and protective equipment for health care workers, testing supplies, increased workforce and training, new construction to house patients, emergency operation centers and more.
- Enhanced Health Investments: Additional funding is also dedicated to delivering Medicare payment increases to all hospitals and providers to ensure that they receive the funding they need during this crisis, and new investments in our country’s Strategic National Stockpile, surge capacity and medical research into COVID-19.
$377 billion small business rescue plan to assist business owners with whatever needs they have right now.
- $350 billion in loan forgiveness grants to small businesses and non-profits to maintain existing workforce and help pay for other expenses like rent, mortgage, and utilities.
- $10 billion for SBA emergency grants of up to $10,000 to provide immediate relief for small business operating costs.
- $17 billion for SBA to cover 6 months of payments for small businesses with existing SBA loans. This relief will also be available to new borrowers who take out loans within six months of the CARES Act being signed into law.
$150 billion state and local coronavirus expenditures fund to assist States, Tribes, and local governments that must pay for new expenses related to COVID-19 response.
- $150 billion, with a small-state minimum of $1.25 billion
- Tribal set-aside of $8 billion
$330 billion emergency appropriations including $100 billion for hospitals and providers mentioned above
- $16 billion to replenish the Strategic National Stockpile supplies of pharmaceuticals, personal protective equipment, and other medical supplies, which are distributed to State and local health agencies, hospitals and other healthcare entities facing shortages during emergencies.
- $1 billion for the Defense Production Act to bolster domestic supply chains, enabling industry to quickly ramp up production of personal protective equipment, ventilators, and other urgently needed medical supplies, and billions dollars more for federal, state, and local health agencies to purchase such equipment.
- $4.3 billion to support federal, state, and local public health agencies to prevent, prepare for, and respond to the coronavirus, including for the purchase of personal protective equipment; laboratory testing to detect positive cases; infection control and mitigation at the local level to prevent the spread of the virus; and other public health preparedness and response activities.
- $45 billion for FEMA’s Disaster Relief Fund, more than doubling the available funding, to provide for the immediate needs of state, local, tribal, and territorial governments, as well as private non-profits performing critical and essential services, to protect citizens and help them recover from the overwhelming effects of COVID-19. Reimbursable activities may include medical response, personal protective equipment, National Guard deployment, coordination of logistics, safety measures, and community services nationwide.
- $30.75 billion for grants to provide emergency support to local school systems and higher education institutions to continue to provide educational services to their students and support the on-going functionality of school districts and institutions.
- $25 billion in aid to our nation’s transit systems to help protect public health and safety while ensuring access to jobs, medical treatment, food, and other essential services.
- $10 billion in grants to help our nation’s airports as the aviation sector grapples with the steepest and potentially sustained decline in air travel in history.
- $3.5 billion in additional funding for the Child Care Development Block Grant to provide child care assistance to health care sector employees, emergency responders, sanitation workers, and other workers deemed essential during the response to the coronavirus.
- More than $7 billion for affordable housing and homelessness assistance programs. This funding will help low-income and working class Americans avoid evictions and minimize any impacts caused by loss of employment, and child care, or other unforeseen circumstances related to COVID-19, and support additional assistance to prevent eviction and for people experiencing homelessness
- More than $6.5 billion in Federal funding for CDBG, the Economic Development Administration, and the Manufacturing Extension Partnership to help mitigate the local economic crisis and rebuild impacted industries such as tourism or manufacturing supply chains.
- $400 million in election assistance for the states to help prepare for the 2020 election cycle, including to increase the ability to vote by mail, expand early voting and online registration, and increase the safety of voting in-person by providing additional voting facilities and more poll- workers.
- $2 billion in funding to strengthen response capacity and support tribal governments:
- $1.03 billion to the Indian Health Service to support tribal health care system response efforts;
- $100 million more for the USDA Food Distribution Program for Indian Reservations;
- $453 million to assist tribes through the Bureau of Indian Affairs;
- $69 million to help tribal schools, colleges and universities through for the Bureau of Indian Education; and
- $300 million more to the HUD Indian Tribal Block Grant program.
- $1 billion to recapitalize Amtrak after steep ridership declines related to the outbreak. This will keep thousands of Amtrak employees employed, and ensure America’s intercity passenger rail stays on track, continuing service in the Northeast and nationwide.
Created robust worker and transparency protections on government loans.
- No stock buybacks or dividends for the length of any loan provided by the Treasury plus 1 year.
- Restrictions on any increases to executive compensation.
- Protect collective bargaining agreements.
- Real-time public reporting of Treasury transactions under the Act, including terms of loans, investments or other assistance to corporations.
- Prohibition on businesses controlled by the President, Vice President, Members of Congress, and heads of Executive Departments getting loans or investments from Treasury programs.
- Creation of Treasury Department Special Inspector General for Pandemic Recovery to provide oversight of Treasury loans and investments and a Pandemic Response Accountability Committee to protect taxpayer dollars.
- Creation of a Congressional Oversight Commission to enhance legislative oversight of pandemic response.
Provided direct payments to working Americans.
- $1,200 cash payments to working class Americans.
- An additional $500 cash payment is available per child.
- The full payment is available for individuals making up to $75,000 (individual) and $150,000 (married).
- The value begins decreasing and then phases out completely for those making over the full payment income cap.
Protected over 2 Million aviation industry jobs
- Secured direct payroll payments to keep millions of airline workers on the job and receiving paychecks.
- Airline companies will be prohibited from stock buybacks and dividends for the entire life of the grant plus one year.
- Collective Bargaining Agreements negotiated by workers will be protected.
Delivered student loan tax relief to alleviate the pressure of student loan costs during this crisis
- This tax relief encourages employers to implement student loan repayment programs.
- This provision will exclude up to $5,250 in qualifying student loan repayments paid by the employer on behalf of the employee from income for income tax purposes.
Small Business Owner’s Programs to Know
Paycheck Protection Program (PPP) Loans would provide cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. Small businesses and other eligible entities will be able to apply if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020.
Small Business Debt Relief Program will provide immediate relief to small businesses with non-disaster SBA loans. The U.S. Small Business Administration will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months.
Emergency Economic Injury Grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19.
Economic Injury Disaster Loans are lower interest loans of up to $2 million.
Counseling & Training resource partners, will receive additional funds to expand their reach and better support small business owners with counseling and up-to-date information regarding COVID-19.
Employee Retention Credit for Employers Subject to Closure or Experiencing Economic Hardship tax provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis.
Delay of Payment of Employer Payroll Taxes tax provision would allow taxpayers to defer paying the employer portion of certain payroll taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022.
Mid-Sized Business Liquidity Facility
The creation of a new Federal Reserve Program will allow any mid-sized business or nonprofit between 500 and 10,000 employees to get access to quick, low cost, government guaranteed credit through their local lender or financial institution.
Loans must carry an interest rate of no greater than 2% and to provide forbearance on principal and interest for at least the first 6 months.
Borrowers will also be required to protect workers by using the money to keep workers employed – at least to 90% of their payroll – and keep workers paid at close to full compensation and benefits.
H.R. 6074 - CORONAVIRUS PREPAREDNESS AND RESPONSE SUPPLEMENTAL APPROPRIATIONS ACT (Updated, March 4, 2020)
This $7.8 billion dollar package, plus a $500 million authorization to enhance telehealth services, will ensure the people on the front lines have the resources to prepare, prevent and respond to the crisis, including vaccine development, support for state and local governments’ prevention and response efforts, and the purchase of critical medical supplies to protect the health and safety of Americans. Over $2 billion to help federal, state, local, and tribal governments prevent, prepare, and respond to the crisis, including:
- Nearly $1 billion directly to state, local, and tribal governments to conduct public health preparedness and response activities, including:
- Surveillance and monitoring;
- >Laboratory testing to identify new cases;
- Tracing to identify additional positive cases;
- Infection control at the local level to prevent new cases; and
- Mitigation activities.
- $300 million to replenish the Infectious Disease Rapid Response Reserve Fund.
- $300 million to CDC for global disease detection and emergency response.
- Reimbursement to state and local governments for costs incurred responding to coronavirus prior to the date of enactment of this bill.
- Support for CDC’s continuing efforts to contain and combat this virus, including:
- Repatriation and quarantine efforts; o Purchase and distribution of test kits (including to state and local public health agencies) and support for laboratory testing; and o Communicating with and informing public, state, local, and tribal governments, and healthcare institutions. Over $3 billion for research, development, and review of vaccines, therapeutics, and diagnostics to help protect the health and safety of the American people, including:
- More than $2 billion for the Biomedical Advance Research and Development Authority (BARDA), prioritizing platform-based technologies with U.S-based manufacturing for vaccines and therapeutics.
- $836 million for the National Institutes of Health to support this research, including $10 million for worker-based training to prevent and reduce exposure of hospital employees, emergency first responders, and other workers at risk through their work duties.
- $300 million in contingency funding for procurement of vaccines, therapeutics, and diagnostics.
- • $61 million for the Food and Drug Administration to review and approve vaccines, enhance emergency use authorizations, and advance continuous manufacturing.
- The bill also includes the following to help vaccines, therapeutics, and diagnostics remain affordable:
- Requires that vaccines, therapeutics, and diagnostics developed using taxpayer funds be available for purchase by the Federal government at a fair and reasonable price; and o Allows the HHS Secretary to ensure that vaccines, therapeutics, and diagnostics developed using taxpayer funds be affordable in the commercial market. Nearly $1 billion for healthcare preparedness, pharmaceuticals and medical supplies, and community health, including:
- Approximately $500 million for procurement of pharmaceuticals, masks, personal protective equipment, and other medical supplies, which can be distributed to state and local health agencies in areas with a shortage of medical supplies.
- $100 million for Community Health Centers, supporting smaller health clinics in under-served urban and rural areas.
- Funding for hospital preparedness, state and local pathogen treatment centers, and medical surge capacity to increase capacity at health facilities across the country. $1.25 billion to combat this public health threat overseas to prevent and respond to wider spread of the virus, including:
- $264 million to maintain consular operations overseas, for emergency preparedness for our embassies, and for evacuations of Americans if needed.
- $435 million to enable overseas health systems to prevent, prepare for, and respond to the virus.
- $300 million for humanitarian assistance in countries coping with the virus.
- $250 million for the Economic Support Fund, including to address related economic, security, and stabilization requirements. Emergency telehealth waiver to support telehealth services.
- • Allows the HHS Secretary to waive certain Medicare telehealth restrictions during the coronavirus public health emergency, allowing Medicare providers to furnish telehealth services to Medicare beneficiaries regardless of whether the beneficiary is in a rural community, and allowing beneficiaries to receive care from physicians and other practitioners in their homes. This provision is estimated to cost $500 million. Assistance for small businesses impacted by the coronavirus outbreak.
- $1 billion in loan subsidies that would provide $7 billion in low-interest loans for small businesses impacted by financial losses as a result of the coronavirus outbreak. Reimbursement of up to $136 million to important healthcare programs.
- The Trump Administration diverted money from critical healthcare programs, including for mental health and substance abuse treatment and prevention, and heating and cooling assistance for low-income families (LIHEAP), to support its coronavirus response.
This bill restores funds to those programs.