COVID-19 Washington Update: May 29, 2020
Kelley Drye Client Advisory
May 29, 2020
Today’s federal government activities in response to COVID-19, include:
 

Congress

The Senate will return to Washington next week, and is likely to vote on legislation to modify the SBA’s Paycheck Protection Program. Senate Small Business Committee Chairman Rubio (R-FL), citing “inadvertent technical errors” in a PPP reform bill passed by the House yesterday, has indicated the Senate is likely to pass a separate bill (thus requiring further House action prior to enactment).

According to SBA data on the PPP, as of May 28, approximately 4.5 million loans have been approved, totaling $510.5 billion (with approximately $100 billion in remaining appropriations).

Earlier today, House Majority Leader Hoyer (D-MD) wrote to House Members regarding the summer legislative schedule and released an updated calendar (with more information on the fall schedule forthcoming). Notably, most of June will be dedicated to committee work preparing “must pass” legislation for floor consideration, with floor votes pushed until late June and July (although the House would come back earlier in June, when and if a subsequent COVID relief package has passed the Senate).

Also today, President Trump announced his intent to terminate the country’s relationship with the World Health Organization, due in part to its handling of the coronavirus.

COVID-Related Congressional Hearings Next Week

Senate
 
House
 
Recent Congressional Statements / Letters
 
Other Stakeholder Statements / Letters
   

White House / Agency Activity

White House
 
Food and Drug Administration
 
Federal Emergency Management Agency
 
Department of Defense
 
Department of Transportation
 
Federal Communications Commission
   

Kelley Drye Resources

SBA Provides Additional Guidance on PPP Loan Forgiveness Process and Loan Reviews, May 29, 2020
 

State / Local Activity

Given the plethora of state and local actions, we recommend MultiState’s COVID-19 Policy Tracker as a comprehensive tool to monitor the response.