COVID-19 Resources and Links

May 19, 2020

FEDERAL LAWS

Phase 1 - Coronavirus Preparedness and Response Supplemental Appropriations Act (CPRSAA)

This bill provides $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak.
This was signed into law by President Trump on March 6, 2020.

Phase 2 - Families First Coronavirus Response Act (FFCRA)

This bill responds to the coronavirus outbreak by providing paid sick leave and free coronavirus testing, expanding food assistance and unemployment benefits, and requiring employers to provide additional protections for health care workers.
This was signed into law by President Trump on March 18, 2020.

Phase 3 - Coronavirus Aid Relief and Economic Security Act (CARES Act)

This bill provides a $2.2 trillion economic stimulus package in response to the COVID-19 crisis.
This was signed into law by President Trump on March 27, 2020.

This bill addresses economic impacts of, and otherwise responds to, the COVID-19 (coronavirus) outbreak.
The bill authorizes emergency loans to distressed businesses, including air carriers, and suspends certain aviation excise taxes.
- With respect to small businesses, the bill:
  - establishes, and provides funding for, forgivable bridge loans; and
  - provides additional funding for grants and technical assistance.
The bill also provides funding for $1,200 tax rebates to individuals, with additional $500 payments per qualifying child. The rebate begins phasing out when incomes exceed $75,000 (or $150,000 for joint filers).
The bill establishes limits on requirements for employers to provide paid leave.
- With respect to taxes, the bill:
  - establishes special rules for certain tax-favored withdrawals from retirement plans;
  - delays due dates for employer payroll taxes;
  - amends the federal income tax rule applicable to the use of net operating losses (“NOLs”) for C corporations;
  - revises other provisions, including those related to losses, charitable deductions, and business interests.
- With respect to health care, the bill:
  - provides additional funding for the prevention, diagnosis, and treatment of COVID-19;
  - limits liability for volunteer health care professionals;
  - prioritizes Food and Drug Administration (FDA) review of certain drugs;
  - allows emergency use of certain diagnostic tests that are not approved by the FDA;
  - expands health-insurance coverage for diagnostic testing and requires coverage for preventative services and vaccines;
  - revises other provisions, including those regarding the medical supply chain, the national stockpile, the health care workforce, the Healthy Start program, telehealth services, nutrition services, Medicare, and Medicaid.
- With respect to education, the bill:
  - temporarily suspends payments for federal student loans; and
  - otherwise revises provisions related to campus-based aid, supplemental educational-opportunity grants, federal work-study, subsidized loans, Pell Grants, and foreign institutions.
The bill also authorizes the Department of the Treasury to temporarily guarantee money-market funds.