The Administration and Congress have been working on a seriesof “phases” (rounds) to address the health and economic challenges brought about by the coronavirus, as follows:

Phase 1 - $8.3 Billion - Enacted into law

• $3.1B for community health centers for underserved groups

• $950M for state and local health departments for buying equipment, overtime pay,
   and data analytics

• $300M for buying vaccines and for treatments

• $1.25B for responding to the spread of the virus internationally

Phase 2 - Families First Coronavirus Response Act - Enacted into law

Provides paid sick leave and employment protection as follows -

NOTE: CHANGES ONLY APPLY TO COMPANIES WITH UP TO 500 EMPLOYEES

• Employees - employees on sick leave can receive their full pay, up to $511 per day or
   $5110 total; leave taken because schools or daycares have closed is paid at two-thirds
   the employee’s regular pay, with a maximum of $200 per day or $10,000 total; ten day
   waiting period before benefits apply; and, employees can use existing sick or vacation
   time to cover these days

• Employers - cannot force employees to use up vacation or sick days before receiving
   benefits; employers receive tax credits for 100 percent of what they pay out to
   employees; businesses with 50 or fewer employees can be exempted; employers with
   fewer than 25 employees do not have to restore employees to their previous positions

• Expands unemployment benefits and provide grants to states for processing and
   paying claims

• Establishes no cost coronavirus diagnostic testing

• Treats personal respiratory protective devices as covered countermeasures that
   are eligible for certain liability protections

• Temporarily increases the Medicaid federal medical assistance percentage

• Increases funding for food assistance and nutrition programs

Phase 3 - Pending with Various Versions

Senate Republicans

- The centerpiece of the Senate Republican proposal — crafted with support from
   the White House — is a direct payment to qualified Americans of up to $1,200. Married
   couples would get $2,400. Taxpayers who earn more than $75,000 annually will begin
   to see that payment reduced by $5 for every $100 they earn over the $75,000
   threshold, with those who make more than $99,000 getting nothing. Families with
   children would get $500 per child.

- The GOP plan also outlines provisions to give small businesses $300B in federally
   guaranteed loans, moves back the income tax-filing deadline from April 15 to July 15,
   provides numerous tax cuts for corporations, and authorizes more than $200B in
   financial support for hard-hit industries such as airlines. The maximum small
   business loan the government could back would double to $10M from $5M through the
   end of the year.

Senate Democrats

- $750B to expand paid family leave, sick leave and unemployment insurance. Also
   strict rules on businesses that receive federal cash, such as maintaining payroll,
   upholding collective bargaining rights and no stock buybacks.

House Democrats

• Direct monthly payments of as much as $2,000 for adults; grants and debt relief
   for small businesses; and measures to halt evictions and foreclosures. Separately
  from the economic relief measures, House Democrats are also pushing for between
   $120 billion and $150 billion in cash for federal agencies.

Phase 4 - Longterm Fixes - In Early Discussions

Policy changes in mega areas including, but not limited to, infrastructure, health, education,veterans affairs, etc.

Sante Esposito, President
Bryan Esposito, Partner
Key Advocates, Inc.

NAAA Posted 3/20/2020