Senate Majority Leader Mitch McConnell (R-KY) has just released a bipartisan, coronavirus stimulus bill that is designed to provide substantial, immediate relief to American families and businesses that have been victimized by the coronavirus pandemic. Links to the two titles of the text of the legislation as released by Sen. McConnell are below. We anticipate that summaries of this bill will be released shortly by Sen. McConnell and will forward those in a subsequent Client Alert. The Senate is expected to begin consideration of this bill today and a final vote on the bill is expected to occur sometime on Monday. If approved by the Senate (as expected), the bill will proceed to the House where we anticipate it will be addressed on an expedited basis. The Jones Walker COVID-19 team will provide further updates on the key provisions in this bill in the near future.
Senate Readies Coronavirus Rescue Package
(BAI20191) – Keeping Workers Paid and Employed, Health Care System Enhancements, and Economic Stabilization