COVID-19 Washington Update: April 2020 #8

Kelley Drye & Warren LLP
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Below is a synopsis of today’s federal government actions in response to COVID-19.

Congress

This morning, the Paycheck Protection Program’s funding was exhausted, leaving the Small Business Administration (SBA) unable to approve additional loans for the nation’s small businesses
  • SBA Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding
The Congressional stalemate on an “interim emergency” relief bill continues, although negotiations between Democratic leadership and Treasury Secretary Mnuchin continue Meanwhile, facing increasing “rank and file” pressure for remote voting, House Rules Committee Chairman McGovern (D-MA) recommended a temporary rules change to allow lawmakers to let other members vote on their behalf

Recent Congressional Statements / Letters

White House / Agency Activity

White House Department of the Treasury Department of Labor Food and Drug Administration Centers for Medicare and Medicaid Services Department of Energy Environmental Protection Agency Federal Communications Commission

Federal Reserve

State / Local Activity

Given the plethora of state and local actions, we recommend MultiState’s COVID-19 Policy Tracker as a comprehensive tool to monitor the response

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Kelley Drye & Warren LLP

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