AgdaPkt 2020-04-13 Joint SA PFA - Laserfiche WebLink

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S.B. - Page 58 of 59 Fiscal Measures to Combat the Coronavirus Date Legislastimated.. k Description 41 Cost • More than $2 billion for research and development of coronavirus vaccines, test Coronaviruskits and therapeutics Preparedness and • $1.9 billion for the Centers for Disease Control and Prevention (CDC), which 3/6/2020 Response $8.3 billion includes $950 million for state and local response efforts Supplemental • $20 million for the Small Business Administration (SBA) Appropriations Act • Permits Medicare providers to offer telehealth services to beneficiaries, at an estimated cost of $500 million • $1.6 billion designated for the international response • Provides two weeks of paid sick and family leave for those affected by the virus, businesses get a tax credit to help cover the expense Families First • Workers can take up to three months of unpaid leave if they are quarantined or 3/18/2020 Coronavirus $105 billion need to take care of sick family members Response Act • Expands safety -net programs that help people weather economic downturns • Bolsters unemployment aid and the "food stamps" program • Increases federal support for Medicaid • One-time checks worth $1,200 capped above certain income levels • Increases current unemployment assistance by $600 a week for four months; extends benefits to gig workers and freelancers 3/25/2020 Phase 3* $2 trillion • $350 billion available in loans for small businesses • $500 billion in corporate aid, much of which to backstop Federal Reserve loans • $100 billion grant for health-care providers • $150 billion for state and local governments. Sources: CNBC, Reuters and The Kaiser Family Foundation. *Pending legislation. © PFM 13 RVA