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Coronavirus - Federal Action


1) Coronavirus Aid, Relief, and Economic Security (CARES) Act:
 This is third bill aimed at responding to the coronavirus crisis. The CARES Act includes:
  • Loan forgiveness grants to small businesses and non-profits to maintain existing workforce and help pay for other expenses like rent, health insurance and other employee expenses, mortgage, and utilities
  • Immediate cash assistance to individuals and families
  • Additional relief for hospitals and funding for essential supplies such as testing kits, ventilators, PPEs, reagent supply, and hospital conversion
  • Expanded unemployment benefits to include part-time, self-employed, contract, and gig economy workers
  • Extended unemployment benefits for an additional 13 weeks — at 100 percent levels
  • Employee retention tax credit to keep Americans in their jobs 
  • Low-or-zero interest loan program to businesses willing to keep their employees in their positions during the coronavirus crisis
  • Loan deferral and forbearance for individuals and businesses of all sizes, during the crisis (e.g. mortgages, lines of credits, student loans, and other qualifying loans), keeping those lines of credit open which are necessary to allow employers to get back on their feet

CARES Act Fact Sheets
What families and individuals should know about the coronavirus stimulus bill
Frequently Asked Questions about direct financial assistance
About the Paycheck Protection Program and Loan Forgiveness for small businesses
FAQs about provisions for small business in coronavirus stimulus package
Fact sheet for employers explaining employer paid leave requirements

2) Families First Coronavirus Response Act: This coronavirus response package includes: 
  • Free coronavirus testing for everyone who needs a test
  • Two weeks of paid sick leave and up to three months of paid family and medical leave
  • Support for food programs, including SNAP, student meals, seniors meals, and food banks
  • Enhanced unemployment insurance
  • Additional funding for Medicaid to help local and state health systems respond to the coronavirus outbreak
  • Increase access to telemedicine services for Medicare beneficiaries 

 Click here to learn more

3) Coronavirus Response Supplemental emergency funding: On Friday, March 6, the President signed an $8.3 billion funding package that Upton helped pass through the U.S. House. The funding will help expedite the development of a vaccine, purchase essential supplies for local and state health officials who are on the front lines, and provide further assistance for state and local health officials.
Click here to learn more

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