The House of Representativesis expected to pass H.R. 6800, the “Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act”on May15. The $3 trillion 1,815-page package is largely viewed as the Democrats’ opening offer for future COVID-19 relief legislation. The White House threatened to veto the measure and Senate Republicans have indicated they would like to evaluate the impact of the CARES Act before proceeding with new legislation. It is unlikely that serious negotiations toward the next round of COVID-19 relief will begin until after Memorial Day.
Topics Covered in this Analysis are:
- Direct Financial Assistance for Americans
- Forbearance Protections
- Eviction Expansion
- Critical Tax Provisions
- Credit Facility
- Consumer/Credit Protection Reporting
- Additional Housing Program Support
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