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WSW Coronavirus Update - May 12

Tuesday, May 12, 2020   (0 Comments)
Posted by: TCAA Staff
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Your WSW team wanted to bring your immediate attention the release of the House Democrats' Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.  We will report out in greater detail, but we wanted to get you this information upon its release.

 

The full text of the bill can be found here, and a summary can be found here.

 

The bill is considered Democrats' opening bid for what should be included in the next round of coronavirus relief legislation. Here are three things you need to know:

 

  • The bill will cost upwards of $3 trillion, and includes spending, policy, and tax provisions. 
  • The House is set to vote on this package as early as Friday morning - expect it to pass without Republican support.
  • Senate Republicans have indicated they don't have any plans to act on this bill or any other additional coronavirus aid for some time to come.  Of course, developments related to economic, health, or other factors could force the Senate to act sooner than Senate Republicans would like. 

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