Ten Million Americans Lost Jobs in March, Says DOL

More than 10 million Americans lost their jobs and applied for unemployment benefits in March, according to the latest Labor Department numbers. More than 6.6 million Americans applied for unemployment last week as much of the nation was put on shelter-in-place orders and non-essential businesses closed their doors. Predictably, job losses are soaring in restaurants,… Read more »

Pelosi Forms Committee to Oversee COVID-19 Response

Speaker Nancy Pelosi (D-CA) today announced the formation of a bipartisan select committee to oversee the multitrillion-dollar federal response to the COVID-19 pandemic. Congress has passed three emergency coronavirus relief bills so far this year, including the $2.2 trillion CARES Act last week, the largest aid package in U.S. history. A fourth bill is on… Read more »

McConnell Wants Slower Approach to Next COVID Bill

House Democrats want to move quickly on a fourth coronavirus relief package, but Senate Majority Leader Mitch McConnell (R-KY) said yesterday that talk of another bill is “premature.” House Speaker Nancy Pelosi (D-CA) said earlier in the week she wants to see more protections for frontline health workers and is open to substantial investments in… Read more »

ASAE Calls for More Association-Specific COVID Relief

ASAE and nearly 3,000 associations across the country today called on Congress to provide additional aid for trade and professional associations impacted by the COVID-19 pandemic. Last week, Congress passed the CARES Act, a $2.2 trillion bill that provides extraordinary relief for individuals, small businesses, corporations, hospitals, state and local governments and 501(c)(3) nonprofit groups,… Read more »

House Committee Calls for Pandemic Risk Insurance Act

The House Financial Services Committee this week called for the passage of a Pandemic Risk Insurance Act (PRIA) to provide a federal backstop for prospective insurance claims related to a pandemic or epidemic. The COVID-19 pandemic has created awareness of the need for pandemic insurance for businesses, such as when an association meeting, conference or… Read more »