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COVID-19 Update 29 May, 2020

COVID-19 Update 29 May, 2020

Federal House passes bill to ease small business emergency loan rules On Thursday the House passed legislation that relaxes the initial restrictions on loans from the Paycheck Protection Program. The new rules give businesses seeking full loan forgiveness more time to spend the money that they receive – 24 weeks instead of the original eight. ... Read More
 
COVID-19 Updates 27 May, 2020

COVID-19 Updates 27 May, 2020

Moving forward Bellevue Strategies will be sending our newsletter Monday, Wednesday, and Friday. Federal  As residents perish, nursing homes fight for protection from lawsuits The nursing home industry is working to secure protections from liability in lawsuits. This comes after over 28,000 people have died of COVID-19 in care facilities. 20 states have taken action ... Read More
 
COVID-19 Updates May 21st, 2020

COVID-19 Updates May 21st, 2020

Federal Mitch McConnell says next coronavirus bill will not extend enhanced unemployment benefits Senate Majority Leader Mitch McConnell told House Republicans the next coronavirus relief bill will not extend the enhanced unemployment insurance benefit.  House Democrats passed a bill last week that would make the $600 per week federal backstop expire after January, rather than ... Read More
 
COVID-19 Updates May 20th, 2020

COVID-19 Updates May 20th, 2020

About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds The Census Bureau has reported that close to half of U.S. adults have lost employment income. More than a fifth of adults report they have just slight or no confidence in their ability to make their next rent or mortgage payment on time. ... Read More
 
COVID-19 Updates 18 May, 2020

COVID-19 Updates 18 May, 2020

Federal Trump, Mnuchin signal support for easing small business loan restrictions President Donald Trump and Treasury Secretary Steven Mnuchin on Monday signaled the administration would support giving companies more flexibility in how they use emergency small business loans, amid mounting complaints that restrictions on the aid are too onerous. Restaurants and other industries are lobbying ... Read More
 
COVID-19 Update May 15, 2020

COVID-19 Update May 15, 2020

Federal  Two weeks after Gov. Abbott’s ‘reopening,’ Texas reports single-day high COVID deaths On Thursday, Texas confirmed 58 deaths from COVID-19 – the highest thus far. The new daily high of COVID-19 related deaths came days ahead of an expected announcement of more business reopenings on Monday. The state Gov. has repeatedly stressed that the ... Read More
 
COVID-19 Update 14 May, 2020

COVID-19 Update 14 May, 2020

Federal Trump comes to Pennsylvania and urges the state to reopen faster Today Donald Trump visited a warehouse in Allentown today that has helped make and distribute protective medical equipment. He told supporters that Pennsylvania should quickly lift restrictions meant to stem the coronavirus, saying it’s time to “start opening up.”  CDC releases delayed guidance ... Read More
 
COVID-19 Updates 13 May, 2020

COVID-19 Updates 13 May, 2020

Federal  What is in the new stimulus bill for students and schools  The Heroes Act extends the student loan relief from the CARES Act for another year, pausing student loan payments until September 30th, 2021. And interest accrual would be stopped at the same time.  The bill also includes a $10,000 student loan cancellation within ... Read More
 
COVID-19 Updates 12 May 2020

COVID-19 Updates 12 May 2020

Federal House Democrats propose $3 trillion Package called the Hero’s Act The House Democrats are planning to vote on a $3 trillion package to respond to the Covid-19 crisis. President Donald Trump and Senate Republicans also object to the Democratic proposal, saying there hasn’t been enough time since the $2 trillion CARES Act passed to ... Read More
 
COVID-19 Update 11 May 2020

COVID-19 Update 11 May 2020

Federal  Mnuchin open to easing limits on small businesses coronavirus loans Today Treasury Secretary Steve Mnuchin said that he is willing to work with Congress to address issues in the PPP program for small businesses.  Mnuchin also said he was open to making a “technical fix” to aid businesses that may not be able to ... Read More