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FSDA - Update Covid19 and Executive Orders

08/11/2020 1:44 PM | Anonymous

On August 8, 2020 President Trump signed four executive orders after negotiations on the Hill have stalled.

The Executive Orders:

  • Provide an additional $400 a week of unemployment benefits
    • Authorizes Secretary of Homeland Security, through FEMA, to make additional federal money available for the UI benefits.  
    • States must cover 25 percent of the cost. The order provides that the states should use the money they received from the Coronavirus Relief Fund (and other State funding) to cover the additional costs.  
  • Allow employers to defer payment of employee-side payroll taxers through the end of 2020 for people making less than $100,000 annually.
    • Retroactive to August 1.  
  • Extends the eviction moratorium
    • Directs agencies like Treasury, HUD, HHS, and CDC to take “such action as appropriate.”
  • Defers student loan payments.
    • Federally held student loans will have the option to defer payments with no penalty through 2020.

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