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March 24, 2020 – D.C. Update:

Congressional leaders are optimistic they will soon reach an agreement on a stimulus bill that would inject nearly $2 trillion into the nation’s economy.

Davidoff Hutcher and Citron’s government relations group in Washington, D.C. has been working around the clock with Members of Congress to ensure that our clients have a voice in the process and that the final legislative package includes programs to assist in their recovery.

As we move forward and the stimulus bill is signed by the President, our firm will be uniquely positioned to assist your organization to identify what programs are available and implement a government affairs strategy to meet your needs.

Below are several of the relief measures and programs we expect to find in the legislation that DHC will be working on for our clients:

Supporting small businesses –$500 billion in grants and interest-free loans, some with forgivable components, to help Main Street businesses as they cope with the economic disruption caused by the coronavirus pandemic.

Bolstering the health care system –$150 billion to support America’s hospitals, Community Health Centers, and government medical programs as they treat coronavirus patients. To further support providers, an additional $80 billion in low-interest loans to hospitals, suspends the Medicare sequester, and takes other important actions to pump funding into the health care system.

Assisting states and local governments – Stabilizing the finances of states and local governments with $200 billion in stabilization funding for states and $15 billion to local governments through the Community Development Block Grant program, allowing them to maintain public services even as revenue falls because of the pandemic.

Standing with America’s students and universities – Providing $60 billion into schools and universities, with $50 billion directly provided to states to help them stabilize their funding for schools and nearly $10 billion to help alleviate the harm caused by coronavirus on higher education institutions while providing them with added flexibility to continuing operating during the crisis. The legislation also helps current borrowers with their student debt burden.

Building America’s transportation and infrastructure –  $20 billion in funding for 21st Century transportation and infrastructure projects and direct grants to transit agencies.

Learn more about Davidoff Hutcher and Citron’s prestigious Government Relations group here. Have more questions? Contact Jonathan McCollum, the Chair of DHC’s Federal Government Relations group in our Washington, D.C. office.

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