The House of Representatives is expected to vote on a third coronavirus relief bill valued at $3 trillion this Friday, May 15, 2020. The new bill includes, among others:
- $1 trillion for state and local governments
- A second round of direct payments of $1,200 per person, and up to $6,000 for a household
- $200 billion in hazard pay for essential workers
- $75 billion for coronavirus testing and contact tracing
- An extension of the $600 per week federal unemployment insurance benefit through January 2021
- $175 billion in rent, mortgage, and utility assistance
The Senate is likely to oppose the bill. We will provide further updates as we learn of them.
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Markowitz Ringel Trusty + Hartog concentrates on the representation of businesses, institutions, fiduciaries, and individuals across several practice groups, which include Restructuring + Insolvency, Litigation + Dispute Resolution, Real Estate + Business, Probate + Guardianship, and Trusts + Estates. Dedication to clients and service to the community are the principles upon which Markowitz Ringel Trusty + Hartog was founded in 1980, and upon which it still operates today.