LaMalfa Statement on House Passage of Third COVID-19 Disaster Relief Bill

Mar 27, 2020
Press Release

(Washington, DC) -- Congressman Doug LaMalfa (R-Richvale) issued the following statement after the House passed by voice the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the third disaster relief package related to coronavirus.

LaMalfa said: “The coronavirus has proven to be very dangerous to the health of many Americans as well as to the health of our economy. President Trump has been a steadfast leader during this pandemic, making sure that our families, businesses, and health system have the resources they need to stabilize and survive. At the same time, I am frustrated with how Congress has responded to this crisis. Our economy was performing at the greatest level ever recorded prior to this virus coming into our country; this should not be classified as a stimulus package or a bailout. This bill is disaster relief to help American businesses and families quickly recover from the effects of this virus, but it does so in a fiscally irresponsible way. We have spent billions — now trillions — of taxpayer dollars, tripling our debt incurred this fiscal year. Our country is experiencing a once in a lifetime disaster, and Speaker Pelosi has delayed this bill for days in an effort to include her partisan wish list while Americans wait and worry. The cost associated with this bill is extraordinary, but the most vulnerable in our area need this support while they isolate and recover. There continues to be a great need, and Congress’s efforts, while creating an unsettling precedent on spending, can end the uncertainty and bring our economy back up to speed.”

 

Provisions in the CARES Act include:

 

A $1,200 non-taxable rebate to every individual who has a Social Security Number, is not a dependent, and makes less than $99,000

  • Couples can receive $2,400 as long as they don’t make $198,000, and are eligible for $500 per child as well

Establishing a $350 billion Paycheck Protection Program to forgive businesses and non-profits for up to $10 million in loans for covering the paychecks, health benefits, mortgages or rents, and utilities

  • This is only eligible if the business maintains their employees and keeps their wages at pre-pandemic levels

Healthcare

  • $127 billion to the Public Health Social Services Emergency Fund
  • $4.3 billion to the Centers for Disease Control and Prevention (CDC)
  • $945.5 million for COVID-19 research at the National Institute of Health
  • $25.06 billion for Nutrition Assistance at the U.S. Department of Agriculture
  • Requires all private insurance plans to cover COVID-19 testing and prevention without cost sharing
  • Provides free vaccines without cost sharing once it is developed

Assistance to States, Municipalities, and Businesses

  • $150 billion in grants to states, tribes, and territories
    • At least $1.25 billion to every State, which will increase depending on population
    • $8 billion to Tribes, and $3 billion to Territories
  • $500 billion loans to States, businesses, and municipalities
    • $25 billion loan for passenger airlines and $4 billion for cargo airlines
    • $17 billion for critical businesses within the national security supply chain
    • $454 billion for states, other businesses, and municipalities

Other Provisions

  • Foreclosures on homes with federally backed mortgages are frozen for the next 60 days
  • Evictions on homes with federally backed mortgages are temporarily suspended for 120 days
  • Student loan payments are deferred through September, and all employer-sponsored student debt repayment will not count as taxable income for 2020