Federal Updates

CARES Act Questions and Answers

Small Business Owner's Guide to the CARES ACT

Paycheck Protection Program and Health Care Enhancement Act

Families First Coronavirus Act signed into law

On March 18th, President Trump signed the Families First Coronavirus Act into law. This new law will provide funds to help deal with the COVID-19 public health emergency, as well as modify some federal programs, employment-related protections and benefits, health programs and insurance coverage requirements, and tax credits.

 

A statement on the bill signing is here: https://www.whitehouse.gov/briefings-statements/bill-announcement-88/

 

Senate Republicans release an economic stimulus bill for coronavirus

On 3-18 the US Senate Republicans unveiled an economic stimulus bill that Includes large corporate tax cuts, direct checks to taxpayers and limits on paid leave.

A summary of the bill can be found here: https://www.washingtonpost.com/business/2020/03/19/trump-coronavirus-economic-plan-stimulus/

Department of Housing and Urban Development moratorium on foreclosures and evictions

The U.S. Department of Housing and Urban Development issued a moratorium on foreclosures and evictions for single family homeowners with FHA-insured mortgages for the next 60 days.

The full advisory is here: https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_042

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