Coronavirus Aid, Relief and Economic Security (CARES) Act
Last evening, the U.S. Senate voted to pass the Coronavirus Aid, Relief and Economic Security (CARES) Act which will provide emergency relief for American workers and businesses that have been impacted by the COVID-19 pandemic.
Coronavirus Aid, Relief and Economic Security (CARES) Act
As you by now know, the final bill did not include language making 501(c)6s—or other non-profits besides 501(c)3s—eligible for the new $350 loan/grant program. We are extremely disappointed in this outcome and continue to urge lawmakers to revisit this decision in the next bill. We urge you to keep raising this with your delegation. There are some loan programs that it appears 501(C)6s are eligible for, including one that involves a modest $10,000 grant. The U.S. Chamber staff is pulling a fact sheet together today that we will share with you regarding what programs 501(c)6s can apply for.
In addition to reviewing the U.S. Chamber CEO Tom Donohue's full statement on the passage of this legislation, please see below for a legislative analysis of the package, in addition to several other important updates, reminders, and resources.
Legislative Analysis: COVID-19 Stimulus Package
To better understand the Coronavirus Aid, Relief, and Economic Security (CARES) Act and how it impacts you and your members, we encourage you to review our updated summary which breaks down the final stimulus package and provides analysis for the business community. Links to the final bill text is included in the summary.
ICYMI: U.S. Chamber Webinar with the U.S. Department of Homeland Security
Yesterday, the U.S. Chamber was joined by Christopher Krebs, who serves as the first director of the U.S. Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) to discuss the guidance that was issued last week and its impact on the business community.
If you weren't able to join the webinar and would like to watch it, please click here to access the recording.
Upcoming Calls and Webinars
Tomorrow, March 27, 2020: Weekly U.S. Chamber Coronavirus Call with Member Chambers and Trade Associations
Please join us tomorrow, March 27 at 4:00 p.m. ET for our second weekly coronavirus call with chamber and trade association members of the U.S. Chamber.
Wednesday, April 1, 2020: Infrastructure Coalition Conference Call
Please join us next Wednesday, April 1, 2020 at 2:00 p.m. ET for an infrastructure coalition conference call. The U.S. Chamber will provide an update on current efforts to promote infrastructure investment and answer questions related to the trajectory of said efforts amidst the COVID-19 pandemic.
INSTRUCTIONS TO JOIN THE CALL
Please read the directions below carefully as this call will be held using the UberConference platform. To join the Uber Conference, please click here.
1. Call into the conference line. The number is: 301-456-0818. The participant pin is: 75285.
2. After dialing in by phone, you can access the screen-share portion of the meeting through your computer. To view the screen-share, use Google Chrome and click here.
3. Once you’re in, you’ll be prompted for the participant pin number, which is 75285
4. You’ll then be directed to the UberConference room, which requires you to type in your name, email address and phone number.
5. On the very bottom of that page, click on the “Join in view-only mode” to access the screen-share.
Reminder: Please mute your phone during these calls, and do not place the line on hold if you need to take another call.
This message is courtesy of the U.S. Chamber of Commerce.
