March 19, 2020: COVID-19 Legislative Update
COVID-19 - March 19, 2020
March 19, 2020: COVID-19 Legislative Update
Phase Two is Passed: On to Phase Three
Yesterday afternoon, the Senate overwhelmingly passed H.R. 6201, the emergency supplemental funding and paid leave expansion bill commonly known as “Phase Two.” The President signed the package into law shortly thereafter.
The Senate now turns its attention to “Phase Three,” a far more expansive stimulus effort meant to pull the United States back from the brink of recession or worse. Think of this package as a means to pump upwards of $1 trillion directly and immediately into the economy. If it doesn’t go straight to pocketbooks, payrolls, or social safety net programs, it probably does not fit the bill for inclusion at this juncture.
What does Phase Three look like?