Navigating the Crisis Together: The Latest on the Ground in D.C. – 03.26.2020

With the flurry of activity at the federal level to stem the economic fallout from the COVID-19 outbreak, our team has provided timely resources that will help you and your clients navigate through this challenging time. We welcome your feedback, and will continue to drive information, insights, and answers your way. We are all in this together.

1.  NEW WEBINAR: “Inside the Stimulus Package”

Listen to Chris Morton and Armstrong Robinson, of AALU’s Government Affairs Team, along with Josh Holmes, President and Founding Partner of Cavalry LLC, and Senator Mitch McConnell’s former Chief of Staff, discuss the latest on the federal government’s response to the COVID-19 crisis, including insights on the negotiations and implications for your practice.

Taped the morning of Wednesday, March 25, 2020.

Click here to listen.

2. ADDITIONAL FEDERAL STIMULUS CONTENT: Deeper Dive on “Phase 3” Stimulus Package

Our public policy team provides an updated review of the major provisions of the largest component of the Federal response to date, “Phase 3”or “3.0.”

Learn more here.

3. ICYMI…

  • Relief for Small Businesses Arrives:  As part of the “Phase One” package of aid signed into law on March 6, 2020, the Small Business Administration (SBA)will provide an estimated $7 billion in low-interest disaster loans to small businesses and non-profit organizations that have been impacted by financial losses due to the coronavirus outbreak.  Learn more about this program and how to access these loans for yourself or your clients in need in this policy brief.
  • Employers Required to Provide Paid Sick Leave to Employees:  “Phase Two” of the Federal stimulus, enacted on March 18, 2020, includes a requirement on employers to provide paid sick leave and partially paid family and medical leave to employees. The law provides refundable tax credits to employers designed to offset the costs of providing that leave. Click here for details on whether and how those requirements work for you personally or for those you serve — and how to access those tax credits.

4. NEXT UP, THIS FRIDAY: “Inside the Stimulus, Making it Work for You and Your Clients” on March 27, at 11:30 a.m. EDT

Hear from AALU outside counsel, Ken Kies, Managing Director of the Federal Policy Group, and former head of the Joint Committee on Taxation, along with AALU’s Armstrong Robinson and Chris Morton on how the Stimulus applies to you, your business, and your clients—particularly smaller businesses.

Register here.

5. ACLI CEO TO DISCUSS CARRIER RESPONSE NEXT WEEK, “How Life Insurance Carriers are Navigating the COVID-19 Crisis”

Join ACLI CEO Susan Neely and AALU CEO Marc Cadin on Wednesday, April 1st at 11:00 a.m. EDT to learn more!

Register here