Here's the scoop on what's happening this week in Congress.
NCSD Policy Staff
May 29, 2020
Appropriations Fiscal Year 2021:
House Democrats plan on marking up the Fiscal Year 2021 (FY21) appropriations bill by the end of July. It is unclear what that means for the 12 appropriations subcommittee’s markup schedules, but Representative DeLauro, the Labor, Health, and Human Services (LHHS) Appropriations Subcommittee Chair stated that she has not yet seen a markup schedule for her bill.
Paycheck Protection Program:
On May 28, the House passed revisions to the Paycheck Protection Program (PPP). The revisions include lengthening the time small businesses have to use the loans from eight weeks to 24 and reducing the requirement that companies use 75 percent of the loan funds on payrolls to 60 percent.
COVID Stimulus Package Number Four:
Senate Majority Leader Mitch McConnell stated this week that he does believe there will be another round of COVID-19 federal support. He said that while he does believe there will need to be additional support from Congress, he does not believe it will be the full $3 trillion the House passed in their fourth COVID-19 stimulus bill.