Coronavirus: Government Response
To date, Congress has enacted three emergency funding bills to both combat the spread of the coronavirus and mitigate the economic impacts that Americans may experience.
The first, passed March 6, includes resources for states and counties to begin preparing for the coronavirus outbreak and funding for research for vaccines and treatments. The second package, the "Families First Coronavirus Response Act," was passed March 16 and provides free coronavirus testing, paid leave for affected workers and free meals for students who are out of school. You can learn more about these efforts here.
On March 27, 2020, Congress passed a $2.2 trillion supplemental bill that includes direct cash assistance to American familes and much more. You can find details here.
Other actions have been taken to help Americans struggling to make ends meet at this time, including:
- The U.S. Census has extended the deadline for responses until August 14, 2020. Participation is required by law.
- The U.S. Treasury and IRS have announced that Americans now have until July 15, 2020, to file their federal tax returns. Americans owing up to $1 million in federal income tax and businesses owing up to $10 million now have an additional 90 days (until July 15) to make their tax payments without penalty or interest. The IRS recently went live with a website that provides tips for taxpayers and tax pros. You can find that site here.
- The Department of Housing and Urban Development is suspending all foreclosures and evictions until the end of April. The moratorium will apply to all homeowners with mortgages insured by the Federal Housing Administration.
- The Social Security Administration also recently published a website providing Americans with information related to their services during the coronavirus pandemic. You can find that site here.