On December 20, 2020, Congress introduced a long-anticipated additional round of COVID relief legislation, known as the Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic. The House and Senate are expected to vote on the bill this evening, and the President is expected to sign it into law. The bill summary can be found here, and it was the result of last-minute frantic negotiations. The bill text has not yet been released. Below are the top ten takeaways of this bill. The Foley team will analyze the bill as soon as it is released to provide a detailed summary.
Companies in all sectors of the economy continue to be impacted by COVID-19. Foley is here to help our clients effectively address the short- and long-term impacts on their business interests, operations, and objectives. Foley provides insights and strategies across multiple industries and disciplines to deliver timely perspectives on the wide range of legal and business challenges that companies face conducting business while dealing with the impact of the coronavirus. Click here to stay up to date and ahead of the curve with our key publications addressing today’s challenges and tomorrow’s opportunities. To receive this content directly in your inbox, click here and submit the form.