Congress has taken significant actions to address COVID-19. We will examine our industry and the legislation for opportunities for short lines to aid in the economic recovery that will be necessary following what will undoubtedly be some near-term pain. Below are the most recent actions, including the text of each bill, and Summaries that make the contents a little easier to understand.
House Democrats Introduce Heroes Act, H.R. 6800
On May 12, House Democrats introduced a $3 trillion coronavirus response package called the Heroes Act. It is an extremely wide-ranging bill that builds on the tenets of and goes far beyond the CARES Act. It provides another round of stimulus checks for individuals, an extension of expanded unemployment insurance benefits, housing assistance, medical research funding, postal service funding, more small business loans, tax relief, massive amounts of aid for state and local governments, food assistance, broadband support, a COVID-19 Heroes Fund for essential workers, etc. The text of the bill can be found here. A 90-page summary of the bill can be found here. Here are links to two articles that provide broad, but shorter overviews of the bill: Politico and Roll Call. The House Committee on Small Business has also issued an overview.