PPP Update and More from Representative John Rose

Good Morning: Yesterday, the Senate passed the Paycheck Protection Program and Health Care Enhancement Act. This legislation, which was blocked by Democrats for over a week, provides more money for the successful program that's saving jobs and helping small businesses. The House will vote on this bill on Thursday. 

 

INFO TO KNOW

 

Paycheck Protection Program

 

On Thursday the House will vote on legislation to authorize more funding for it.  

In addition to replenishing money for that program, the legislation passed by the Senate yesterday will also provide more resources for hospitals and for testing. For full information on what is the bill, please see below for an outline from Republicans on the House Appropriations, a summary of the money in the bill for small businesses, and details about the money allocated to hospitals and for testing. Additionally, the full text of the legislation can be read here:  

 

 

 

 

 

House Majority Leader Steny Hoyer announced that the House will meet at 10am on Thursday, April 23 to consider the legislation.  

 

More information about the PPP and how the program is working can be found below:  

 

 

 

 

Economic Impact Payments

The IRS formally launched the "Get My Payment" web portal last week with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information.

The portal can be accessed here: https://www.irs.gov/coronavirus/get-my-payment, and there are FAQ's that are answered on the site as well.  

 

Money For Hospitals And Health Care Providers

The CARES Act authorized $100B for hospitals and health care providers, and the first $30B tranche of that funding has already been disbursed. The Department of Health and Human Services has launched a portal for providers where they can confirm the receipt of these initial funds, and agree to the terms and conditions within 30 days of payment.

On top of the $70B that is included in the CARES Act Provider Relief Fundthat will be going out to these hospitals and health care providers, an additional $75B is included for these entities in the legislation that the House will vote on tomorrow. 

 

Supplies

The FDA issued an Emergency Use Authorization (EUA) for the Sterilucent Sterilizer System, which can be used in decontaminating compatible N95 or N95-equivalent respirators for single-user reuse by health care providers.

As of April 20, FEMA's Project Airbridge has completed 68 flights with an additional 46 scheduled for a total of approximately 114 flights to secure medical equipment. 

Vice President Pence visited a GE Health Care facility in Madison, WI yesterday. As President Trump said at yesterday's White House Coronavirus Task Force briefing, GE is working with Ford to make 50,000 ventilators over the next 100 days. No American who has needed a ventilator has not received one. 

Testing

4.3 million tests have been performed in the United States. 

The FDA has now authorized more than 50 diagnostic tests for COVID-19. Yesterday, they announced that they had issued an Emergency Use Authorization (EUA) for a diagnostic COVID-19 test from LabCorp that allows for at-home sample collection.

Therapeutics And Vaccines

The NIH announced that an expert panel of U.S. physicians, statisticians, and other experts has developed treatment guidelines for COVID-19. These guidelines, intended for health care providers, are based on published and preliminary data and the clinical expertise of the panelists. The guidelines are posted online and will be updated often. 

 

 

 

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