{"id":2758,"date":"2020-12-23T12:44:20","date_gmt":"2020-12-23T20:44:20","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=2758"},"modified":"2020-12-23T17:19:06","modified_gmt":"2020-12-24T01:19:06","slug":"congress-passes-omnibus-covid-19-relief","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/in-the-news\/congress-passes-omnibus-covid-19-relief\/","title":{"rendered":"Congress Passes Omnibus, COVID-19 Relief"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Content&#8221; _builder_version=&#8221;4.7.5&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2>On Dec. 20, the House and Senate passed H.R. 133, The Consolidated Appropriations Act of 2021.<\/h2>\n<h3>The bill includes a $900 comprehensive package to provide COVID-19 relief to businesses and individuals, including a second round of Paycheck Protection Program (PPP) loans for small businesses, extension of the Employee Retention Tax Credit (ERTC), extension of unemployment insurance and $600 Economic Impact Payments (EIP) for individuals.<\/h3>\n<p>The bill does not include funding for state and local governments or liability protection for businesses. Lawmakers have set aside these issues in favor of a bill that includes items that have bipartisan support.<\/p>\n<p>H.R. 133 is the largest assistance package to be considered since passage of the Coronavirus Aid, Relief and Economic Security (CARES) Act in March 2020.<\/p>\n<p>H.R. 133 also includes a $1.4 trillion omnibus spending bill for the fiscal year that began Oct. 1.<\/p>\n<p>The bill is now awaits President Donald Trump\u2019s signature.<\/p>\n<p><a href=\"https:\/\/communications.bhfs.com\/e\/6cus2awfhgxhdkg\/24472581-66a6-4f29-ad8d-77c787c81b21\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the Brownstein tax policy team\u2019s five takeaways from the latest deal, as well as a summary of the tax and economic provisions in the bill. The tax provisions in the bill are largely contained in Division N and Division EE. However, bill summaries are divided by category of relief, rather than summarized by division.<\/p>\n<p><strong><a href=\"https:\/\/www.bhfs.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Thank you to the team at Brownstein Hyatt Farber Schreck for this report.<\/a><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_button button_url=&#8221;https:\/\/familyenterpriseusa.com\/donate-2\/&#8221; button_text=&#8221;PLEASE JOIN THE MOVEMENT TODAY; TIME IS SHORT!&#8221; button_alignment=&#8221;center&#8221; admin_label=&#8221;Call to Action Button&#8221; _builder_version=&#8221;4.7.5&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221;][\/et_pb_button][et_pb_text admin_label=&#8221;FEUSA Statement&#8221; _builder_version=&#8221;4.7.5&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;]<\/p>\n<hr \/>\n<p><a href=\"https:\/\/familyenterpriseusa.com\/membership\/\">Family Enterprise USA<\/a> advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. <a href=\"https:\/\/familyenterpriseusa.com\/membership\/\">Family foundations can donate.<\/a><\/p>\n<hr \/>\n<p>[\/et_pb_text][et_pb_video src=&#8221;https:\/\/www.youtube.com\/watch?v=Bh5svKqE-1M&#8221; _builder_version=&#8221;4.7.5&#8243; _module_preset=&#8221;default&#8221;][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Dec. 20, the House and Senate passed H.R. 133, The Consolidated Appropriations Act of 2021. The bill includes a $900 comprehensive package to provide COVID-19 relief to businesses and individuals, including a second round of Paycheck Protection Program (PPP) loans for small businesses, extension of the Employee Retention Tax Credit (ERTC), extension of unemployment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[83,78],"tags":[],"class_list":["post-2758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-in-the-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/2758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2758"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/2758\/revisions"}],"predecessor-version":[{"id":2763,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/2758\/revisions\/2763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/1840"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}