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House Democrats Introduce Health and Economic Recovery Omnibus Emergency Solutions Package

On May 12, 2020, House Democrats introduced the Health and Economic Recovery Omnibus Emergency Solutions (H.R. 6800) legislative package, a $3 trillion coronavirus response bill.

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Insights  <  House Democrats Introduce Health and Economic Recovery Omnibus Emergency Solutions Package

On May 12, 2020, House Democrats introduced the Health and Economic Recovery Omnibus Emergency Solutions (H.R. 6800) legislative package, a $3 trillion coronavirus response bill.

On May 12, 2020, House Democrats introduced the Health and Economic Recovery Omnibus Emergency Solutions (H.R. 6800) legislative package, a $3 trillion coronavirus response bill.

The proposed legislation includes a host of relief priorities. The House plans to vote on the bill on May 15th.

While individual provisions within the bill appear to have bipartisan support, the bill is unlikely to get support from Congressional Republicans. We are closely following this bill and will provide updates when, or if, it makes progress.

Some major highlights of the bill include a second round of economic stimulus payments, a significant expansion of the employee retention credit, new tax credits to help businesses cover certain fixed costs, tax deductibility of PPP forgiven costs, expansion of the FFCRA paid sick and family leave provisions, as well as a temporary repeal of the SALT cap. The bill also contains important amendments to the PPP program as well extension of the Federal unemployment relief.

Below you can find links for comprehensive summaries of all of the bill provisions.

 

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