GOP COVID Response Proposals
Clark Hill’s Government & Regulatory Affairs team provides the following consolidated update of the proposed GOP Coronavirus Response. The negotiations of the finalized programs are underway but are not expected to be completed before the August Congressional recess.
- Coronavirus Response Additional Supplemental Appropriations Act, 2020 (Senate Appropriations): Supplemental appropriations totaling $306 billion, nearly three-fourths of which would be dedicated to the departments of Health and Human Services and Education. Bill text is here.
- American Workers, Families, and Employers Assistance Act (Senate Finance): A package of unemployment insurance, tax and health care provisions, including direct payments to individuals, enhanced employee retention credits, extended federal unemployment benefits and a Medicare premium increases waiver for 2021. Bill text is here, summary is here.
- SAFE TO WORK Act (Sen. John Cornyn): Legislation to provide liability protections for employers, schools and health care providers. Bill text is here, section by section summary is here.
- Safely Back to School and Back to Work Act (Senate HELP): Legislation addressing schools and childcare, would allow student loan borrowers with no income to defer their monthly payment as part of Republican stimulus package. Section by section summary is here, one-pager on student loans is here, one pager on school choice is here, one pager on childcare is here.
- Continuing Small Business Recovery and PPP Act (Sens. Rubio and Collins): A new round of Paycheck Protection Program forgivable loans for small businesses with steep revenue drops, among other changes to the program. Bill text is here, a section by section summary is here, and a one-pager is here. Updated as of the morning of July 28, 2020
- TRUST Act of 2020 (Sen. Romney): Legislation that would create "rescue committees" to recommend changes to ensure the solvency of Social Security, Medicare and highway trust funds. Bill text is here, and summary is here.
- Restoring Critical Supply Chains and Intellectual Property Act (Sen. Graham): Bill aims to decrease U.S. dependence on countries like China for PPE and was introduced last week, is now being included as part of the package. The bill text is here.