CARES Act: Unemployment Insurance FAQ
CARES Act: Unemployment Insurance FAQ Who is eligible for unemployment insurance? The Unemployment Compensation program (UC, usually referred to as Unemployment Insurance, or UI) makes insurance payments to workers who become involuntarily unemployed for economic reasons and meet state-established eligibility rules. The program generally does not provide insurance payments to the self-employed, those who […]
CARES Act: Medicare Accelerated Payments to Providers FAQ
CARES Act: Medicare Accelerated Payments to Providers FAQ Does the CARES Act help hospitals deal with reduced Medicare payments from the delay in elective procedures and other care related to COVID-19? Section 3719 of the CARES Act enables hospitals to receive accelerated payments from the Medicare program. This provision is intended to give acute-care inpatient […]
Grassley Demands Aggressive Oversight of Programs Doling out Trillions in Pandemic Aid
Butler County, Iowa – U.S. Senator Chuck Grassley, chairman of the Senate Finance Committee and President pro tempore, today called for stringent oversight of federal programs administering more than $2 trillion in coronavirus relief – the largest aid package in U.S. history. “All across our country, people are hurting. Congress acted boldly to deliver the […]
CARES Act: Employee Retention Credit FAQ
CARES Act: Employee Retention Credit FAQs Any employer, regardless of size, is eligible for the credit during calendar year 2020 if the business: (1) is fully or partially suspended due to a governmental order related to COVID-19, or (2) experiences a significant decline in gross receipts (i.e., a reduction of 50 percent of gross […]
Bipartisan Finance Committee Members Push for Delay in USMCA Entry Into Force
Washington – Members of the Senate Finance Committee, which has jurisdiction over trade, are pushing for a delay to the proposed June 1 entry into force of the U.S.-Mexico-Canada Agreement. In a letter to U.S. Trade Representative Robert Lighthizer led by Chairman Chuck Grassley (R-Iowa) and Ranking Member Ron Wyden (D-Ore.), the members raise […]
Rural Resources in the Coronavirus Aid, Relief, and Economic Security (CARES) Act
Increases Access to Capital for Rural Providers Establishes a $100 billion fund to ensure health care providers, including those in rural areas, continue to receive the support they need for COVID-19 related expenses and lost revenue; Allows rural providers to seek relief through Small Business Administration programs, including the Paycheck Protection Program loans that can […]
CARES Act: Recovery Checks FAQ
CARES Act: Recovery Check FAQ Who is eligible for a recovery rebate? All U.S. residents or citizens with adjusted gross income under $75,000 ($112,500 for head of household and $150,000 married), who are not the dependent of another taxpayer and have a work-eligible Social Security Number, are eligible for the full $1,200 ($2,400 married) rebate. […]
Finally, Senate Advances Needed Aid for Workers, Families, Businesses & Health Services
Washington – After days of Democratic obstruction, the U.S. Senate today unanimously cleared a bipartisan package to provide immediate and prolonged economic relief to American families, workers, employers and health care providers coping with the coronavirus pandemic. As Chairman of the Finance Committee, Sen. Chuck Grassley (R-Iowa) marshalled direct recovery payments, expanded unemployment insurance and […]
Grassley Releases Phase 3 Coronavirus Response Legislation
ü Recovery Checks to Most Americans ü Strengthened Unemployment Insurance ü Increased Funding for Public Health Programs Washington – Senate Finance Committee Chairman Chuck Grassley (R-Iowa) today released updated Phase 3 coronavirus legislation responding to the public health and economic crisis. Grassley led bipartisan negotiations and crafted the Senate’s tax policy and key health […]
Republican Senators Urge Trade Measures to Respond to Economic Impact of COVID-19
Washington – A group of Senate Finance Committee Republicans, led by Chairman Chuck Grassley (R-Iowa), are urging the Trump administration to consider utilizing trade policy measures to reduce the economic strain imposed on Americans by the COVID-19 public health crisis. “We believe you should continue to focus on creating new market access opportunities for […]