Senate Files Latest Relief Bill

Earlier this week, Senate Republicans formally filed their long-awaited latest version of a “Phase 4” economic relief package, titled the “Health, Economic Assistance, Liability Protection and Schools (HEALS) Act”. The bill contains many of the key legislative priorities that we were working to include, but much work is still needed and there will be lengthy…

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States Want More Revenue Too

And it’s not only the major cities that are looking to fill their coffers off the back of hurting businesses.  For example, we’d point to Michigan, where the state legislature sought to help businesses get back on their feet by passing 5 bills that all would have altered the tax liabilities of businesses within the…

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CFA and NRA Look to Expand IRC Stabilization Fund

The Coalition of Franchisee Associations (CFA) is working alongside the National Restaurant Association (NRA) to broaden a proposed restaurant-only stabilization fund to help the restaurant industry recover from the coronavirus pandemic and the economic devastation it has caused the industry. As we advised a few weeks ago, the newly-created Independent Restaurant Coalition is pushing Congress…

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Senate Dems May Propose Another PPP Round

While the republican-controlled US Senate refuses to consider the $3 trillion Heroes Act passed two weeks ago by the democrat-controlled US House, a number of democratic Senators have begun talking about yet another round of PPP loans. Democratic members of the Senate Small Business Committee pointed to state economic shutdowns lasting longer than most had…

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Mnuchin Signals Another COVID Relief Bill?

In testimony before the Senate Small Business Committee this week, Treasury Secretary Steven Mnuchin signaled that the administration would be open to yet another stimulus bill to address economic issues resulting from the COVID-19 crisis and he previewed their priorities for any such legislation. Specifically, the Secretary acknowledged a rocky start for the Paycheck Protection…

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Senate OKs “CARES” Act, House Votes Today

The US Senate yesterday finally passed the $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) by a rare bipartisan and unanimous vote, but the unprecedented stimulus bill faces some challenges in the US House. House Speaker Nancy Pelosi originally had hoped to pass the legislation by unanimous consent (avoiding recalling the House…

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“CARES” Act Summaries

We want to emphasize that any analysis of the pending $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) that you may read – whether provided by DDIFO or any other organization is NOT YET FINAL, as the legislation is still pending in Congress. That said, we have a preliminary summary from the…

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McConnell Files Coronavirus Phase #3

Republican Senate Majority Leader Mitch McConnell last night filed a third economic stimulus bill in an ongoing effort to mitigate the fallout from the coronavirus pandemic that has ravaged the American economy. The legislation, which has the support of the White House, provides for the direct payment of $1200 to all Americans earning less than…

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