Senate’s Phase 4 Stimulus Bill Expected Monday
On a nationwide chamber of commerce conference call Friday afternoon, GSSCC learned that the Senate version of a Phase 4 stimulus bill will likely be introduced today. Internal disagreements between Senate Republicans and the White House have reportedly been worked out. The House already passed its version, the Heroes Act, in May. Negotiations to work out the differences are expected to go on through most of August.
What can businesses expect to see in the Senate version?
Greater liability protections for employers - Details are still unclear, but it is likely that the bill will allow some form of safe harbor for companies that make good-faith efforts to follow public-health guidelines.
PPP 20 - Additional loans targeted to businesses that have had a significant drop in revenue compared to the prior year.
Reformed Unemployment Insurance supplemental – Senate leaders understand that the $600 per week supplemental Federal payment made it difficult for employers to bring workers back. The bill will include provisions that support workers without creating a problem for employers.
State and local government support – for testing and contact tracing
GSSCC will follow the negotiations and provide updates as they occur.