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Congress passed additional COVID-19 relief legislation (H.R.
133) on Monday evening, December 21, 2020. Today, President Trump
is expected to sign the deal, which includes a $900 billion
economic stimulus package that will provide relief benefits to
businesses and individuals impacted by the COVID-19 pandemic.
The following is a summary of some of the provisions that will
have a major impact:
Financial Support for Businesses
PPP Loan Recipients
The legislation includes more than $280 billion for additional
PPP loans. It includes: (1) $12 billion designated for
minority-owned and very small businesses; (2) $15 billion in
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Congress passed additional COVID-19 relief legislation (H.R. 133) on Monday evening, December 21, 2020. Today, President Trump is expected to sign the deal, which includes a $900 billion economic stimulus package that will provide relief benefits to businesses and individuals impacted by the COVID-19 pandemic.
The following is a summary of some of the provisions that will have a major impact:
Financial Support for Businesses
PPP Loan Recipients
The legislation includes more than $280 billion for additional PPP loans. It includes: (1) $12 billion designated for minority-owned and very small businesses; (2) $15 billion in dedicated funding for live venues, independent movie theaters, and cultural institutions; and (3) expands eligibility for more non-profits/not-for-profits, as well as local newspapers, TV and radio broadcasters.
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Federal lawmakers agreed to a second round of stimulus legislation late last night, sending a nearly 6,000-page bill to President Trump for his expected signature. The proposal allocates $900 billion in economic relief to businesses and workers across the country. Of the many provisions tucked within the mammoth bill are several key provisions of interest to employers. Specifically, the proposal continues the popular small business loan program, provides new options for unemployed workers, extends tax credits for continued paid sick leave, and offers a variety of other tax- and benefit-related provisions. It does not, however, create a liability shield for COVID-19 litigation. What do you need to know about the critical workplace-related portions of Stimulus 2.0? Here are summaries of the most significant employment-related provisions and recommendations for actions you should consider as a result of each.
Updated December 28, 2020
UPDATE: On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 [Including Coronavirus Stimulus & Relief]. On December 27, 2020, President Trump signed this legislation into law.
This bill extends the tax credits associated with the Families First Coronavirus Response Act (FFCRA), including the Public Health Emergency Leave and Emergency Paid Sick Leave through March 31, 2021. While the tax credits aspect of the FFCRA has been amended, the actual employer mandates do not appear to have been extended beyond the December 31, 2020, expiration date. Thus, employers may continue to extend the benefits to their employees and may qualify for tax credits, though doing so would be permissive and not mandatory.
Operators like Nathan Vass have navigated the intersection of safety and kindness.
By
Nicole Martinson
12/21/2020 at 9:00am
In the early days of the coronavirus pandemic, with offices and streets empty, driving the bus was easy for Nathan Vass. âIt felt like it was 10:30 at night all day long,â he recalls.
The King County Metro senior operator knows that hour well. During his 13 years of driving, Vass has often worked one of the final shifts of the dayâa âlate swing ânavigating through the University District, Downtown, Rainier Valley, and other neighborhoods on routes 7 and 49. Before Covid-19, the journeys across the city began with rush hour and ended, sometimes, with casual conversation among Vass and the few remaining passengers. âYou can kind of wind down before you even finish,â he says.