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On Sunday, December 27, President Trump signed into law a nearly 6,000-page end-of-year legislative package that included 12 FY 2021 spending bills totaling $1.4 trillion, a $908 billion COVID-19 relief package, the Water Resources Development Act (WRDA), and an energy package, among other policy provisions.
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As previously reported, the package does not include significant resources for state and local governments, aside from funding through a new Housing and Rental Assistance program and potentially through CDC funding for distribution and administration of the COVID-19 vaccine.
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The legislation extends by one year the deadline for state and local governments to use monies provided by the Coronavirus Relief Fund (CRF), but does NOT provide any additional flexibility for utilization, such as revenue loss.
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Additionally, while many reports anticipated the legislation might provide additional Federal Emergency Management Agency (FEMA) Disaster Relief funds that could potentially be tapped by local governments, it did not do so, nor did it waive existing cost share requirements. The bill does provide $2 billion (100 percent federal match) to be paid through the FEMA Disaster Relief Fund for the express purpose of helping an “individual or household […] meet disaster-related funeral expenses.”
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Please stay safe and healthy,
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pmsoldano@family-enterpriseusa.com 712 H Street NE Suite 1330
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About Family Enterprise USA Family Enterprise USA 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.. Family foundations can donate.
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