COMPLIANCE & LEGISLATIVE UPDATES
- Business Insurance -
Key economic responses governments are taking to limit the impact of COVID-19 via the International Monetary Fund.
This policy tracker summarizes the key economic responses governments are taking to limit the human and economic impact of the COVID-19 pandemic as of end-March 2020. The tracker includes 192 economies. More countries will be added soon.
SENATE PASSES $484 BILLION PACKAGE, NOW ONTO HOUSE
FEDERAL RESERVE TAKES ADDITIONAL ACTIONS TO PROVIDE UP TO $2.3T IN LOANS
Visit the Economic Support page for more resources.
TRUMP SIGNS $2 TRILLION CARES ACT INTO LAW
On March 27, President Trump signed the CARES Act "Coronavirus Aid, Relief and Economic Security Act" following a unanimous vote by the Senate. The CARES act includes public health aid to address COVID-19, cash relief for citizens, broad lending for small business and relief for impacted industries.
Review this summary of the CARES Act from the legal team at Steptoe & Johnson here.
Read more about small business loans and reimbursements available for paid leave here in our March 27, 2020 blog post.