►
From YouTube: NCSL 2021 ARP Briefing
Description
Unemployment Insurance, Labor & Housing Provisions
A
A
Addressing
the
issues
listed
on
this
slide,
we
will
leave
the
remaining
part
of
the
time
to
address
your
questions,
feel
free
throughout
the
presentation
to
put
any
questions
in
the
chat
and
my
colleague,
susan
frederick,
and
I
will
closely
monitor
and
time
permitting
after
we
address
any
questions
in
the
chat,
we'll
ask
anyone
who
may
not
have
put
it
in
the
chat
to
you
know,
raise
their
hand
and
we'll
unmute
your
line,
and
you
can
ask
your
questions.
A
A
B
Yes
good
afternoon,
thank
you
molly.
My
name
is
erlinda
dougherty,
I'm
the
director
of
the
budgets
and
revenue
committee
in
our
dc
office.
So
thank
you
so
much
for
attending
today,
as
molly
mentioned,
this
is
the
last
in
I
guess,
six
rounds
or
five
rounds
depending
upon
how
you
look
at
it
rounds
of
funny
that
have
gone
to
the
states
to
help
our
citizens,
our
states,
our
counties,
local
governments,
to
to
mitigate
the
effects
of
the
virus,
and
very
substantial
in
that
is.
B
It
is
as
big
or
or
equivalent,
or
maybe
even
a
little
more
depending
upon
who
you
asked
economist-wise
as
the
cares
act,
so
350
billion
have
gone,
have
been
allotted
to
help
states,
cities,
counties,
tribal
governments,
localities
to
to
replenish
lost
revenue
and
mitigate
economic
harm
from
the
covet
19
pandemic.
B
Of
course,
that's
different
in
intent
with
respect
to
the
cares
act,
funds,
the
150
billion
dollars
that
went
to
the
coronavirus
relief
fund,
which
were
more
specifically
targeted
to
covid
19,
related
expenses,
state
and
local
governments
have
until
the
end
of
this
year
the
31,
I'm
sorry,
the
end
of
2024
december
31st
to
use
the
funds
and
again,
as
I
mentioned,
can
be
used,
which
is
different
than
the
previous
package
or
previous
crf
funds
to
replenish
lost
revenues
due
to
the
shutdown
of
the
economy,
and
we
are
working
directly
with
treasury
and
literally
as
we
speak,
to
clarify
regulatory
guidance
on
this
state
and
local
funding,
as
many
of
our
states
have
had
questions
concerns
regarding
the
usability
of
the
funds
as
well
as
some
other
areas,
but
we
are
working
very
closely
in
fact
daily
with
them
to
to
get
clarification
on
on
those
issues.
B
So
that's
one
thing
that
we're
very
focused
on
right
now
we
were
focused
on
obviously
advocating
for
the
funds,
and
now
we
are
representing
the
concerns
of
states,
as
the
funds
are
being
implemented.
Next
slide.
B
B
In
this
package,
25.5
billion
is
allotted
to
the
states
with
each
state
getting
a
minimum
of
500
million,
and
the
rest
of
the
funds
would
be
allocated
based
on
the
state's
share
of
unemployment
over
a
three-month
period
from
october
to
december
2020.,
132
point
billion
are,
is
allotted
to
local
governments,
and
you
can
see
the
breakdown
there
and
one
of
the
issues,
or
one
of
the
concerns
from
the
previous
cares
act
was
that
local
governments
were
did
not
get.
You
know
enough
to
to
mitigate
the
effects
of
the
virus.
B
There's
been
some
targeted
money
here
to
to
address
some
of
those
concerns.
4.5
billion
are
going
to
the
u.s
territories,
20
billion
to
tribal
governments
and
then
an
extra
10
billion
for
a
coronavirus
capital
projects
fund
next
slide.
B
And
here
is
the
again
the
allowable
uses
of
funds
that
we
are
currently
working
with
treasury
to
clarify
and
get
more
clear
guidance
on
this.
The
emergency
and
economic
effects
of
the
pandemic,
including
aid
to
households,
small
businesses,
nonprofits
and
industries
that
were
left
out
of
earlier
release
such
as
tourism
and
hospitality,
premium
pay
to
essential
employees
or
grants
to
their
employers.
B
Some,
I
guess
specific
or
outright
mentions
of
prohibited
use
of
funds
are
that
they
can't
be
used
for
pensions
or
to
revenue
to
offset
revenue
reductions
resulting
from
tax
cuts,
whether
they
be
direct
or
indirect,
and
the
transfer
of
funds
to
private
and
non-profit
groups,
public
benefit
corporations
and
special
purpose
purpose,
units
of
state
and
local
governments
such
as
water
and
sewer
authorities
or
airports.
B
C
You
erlinda
good
day
everyone
I'll
segue
right
into
some
of
the
labor
and
housing
provisions
that
were
included
in
the
rescue
plan
as
well,
so,
first
off
the
pandemic,
unemployment
insurance
provisions
were
pretty
much
all
extended
until
september
6
of
2021,
and
this
includes
the
300
per
week.
Enhanced
payments
through
the
federal
pandemic,
unemployment,
compensation
program
or
commonly
referred
to
as
the
f-puck,
along
with
pandemic
unemployment,
emergency
compensation
and
the
pandemic
unemployment
assistance
or
what
has
commonly
been
referred
to
as
pua
or
pua.
C
This
is
for
the
gig
workers
and
independent
contractors,
and
the
plan
also
continues
to
fully
fund
the
financing
of
state
extended
benefits
for
those
who
exhaust
their
weeks
of
regular
unemployment
benefits
due
to
the
continued
period
of
high
unemployment
and
full
federal
funding
of
states
that
have
short
time.
Compensation
programs
established,
stc
or
workshare
programs
is
what
they're
commonly
referred
to
is
maintained
again
through
the
september
6
date.
C
I
believe
26
or
27
states
have
established
and
maintained
a
workshare
program
at
this
point
through
the
pandemic,
and
another
important
change
is
for
those
who
receive
ui
payments
last
year,
especially
when
it
comes
to
filing
their
taxes.
For
this
year.
There
is
the
provision
that
now
makes
the
first
10
200
of
unemployment
payments
that
were
received
in
2020,
tax-free
non-taxable,
essentially
for
those
household
with
income
thresholds
under
150
000.
C
Moving
on
to
the
next
slide,
I
want
to
mention
that
the
the
package
extends
state
staffing,
flexibility
for
ui
workforce
agencies,
and
it
includes
two
billion
dollars
in
administrative
funding
to
the
department
of
labor
that
will
then
be
distributed
to
the
states
to
detect
and
prevent
fraud
and
help
ensure
timely
payment
of
unemployment
benefits
pursues
and
I'd
also
just
like
to
take
a
minute
to
discuss
state
employ
unemployment,
trust
funds
a
bit
more
here.
C
Fortunately,
the
rescue
package
does
include
another
extension
of
interest-free
federal,
ui
trust
fund
loans
again
through
the
september
6
date.
However,
there
is
some
concern
and
uncertainty
around
ui
trust
funds
moving
forward
with
this
latest
package.
As
you
may
be
aware-
and
I
think
it
was
kind
of
alluded
to
already
with
treasury-
we
do
still
need
confirmation
that
the
funds
can
be
transferred
to
state
ui
trust
funds.
C
In
the
same
way
that
cares
had
provided,
we
were
led
to
believe
that
that
would
be
the
case,
but
until
we
have
official
guidance
from
treasury,
I'm
not
comfortable
saying
so.
I
think
it's
just
important
to
keep
in
mind.
At
the
present
time,
there
are
at
least
20
states
that
have
taken
out
federal
loans
for
their
ui
trust
funds,
and
this
has
been
totaled
to
states
being
over
50
billion
dollars
in
debt
to
the
federal
government
for
their
trust
fund
loans.
C
Thus
far,
we
also
know
at
least
24
states
have
utilized
previous
allotted
coveted
dollars
for
their
trust
funds,
which
amounts
to
somewhere
over
seven
billion
dollars
also
being
injected
into
into
these
again
state
trust
funds,
there's
also
seven
states.
I
should
mention
that
have
taken
out
both
a
ui
trust
fund
loan
already
and
they've,
also
utilized
cobit
relief
funds
to
boost
up
their
their
their
trust
fund.
So
this
is
clearly
a
big
issue.
C
C
The
bill
also
extends
tax
credits
for
employer-provided
paid,
sick
leave
and
family
leave
established
again
under
ffcra,
that's
through
the
same
september,
30th
2021
date.
There
should
also
be
a
link
in
the
chat
box,
or
I
can
put
it
in
there
in
a
minute
to
provide
a
bit
more
information
from
the
irs's
website.
C
We're
still
expecting
some
further
guidance
around
there,
but
this
is
what
we
have
so
far
and
then
moving
on
to
the
final
slide
here,
I
just
want
to
close
out
with
the
rescue
plan's
key
housing
and
homelessness
provisions
that
pretty
much
build
upon
again.
The
previously
enacted
federal
aid
measures.
From
last
year,
the
bill
appropriates
over
27
billion
dollars
in
emergency
rental
assistance
and
broken
down
further,
you
can
see
the
allocations
from
this
funding.
D
C
Those
funds
are
obligated
by
october
1st
of
next
year
of
2022.,
the
5
billion
dollars
for
emergency
housing
vouchers
will
remain
available
until
september
30th
of
2030
as
well.
Other
funding
mechanisms
outside
of
treasury
and
hud
come
from
the
us,
the
u.s
department
of
agriculture,
specifically
usda's,
section
502
and
504
direct
loan
programs.
D
D
So
this
is
an
overview
of
some
of
the
health
funding
that
was
included
in
the
bill,
including
for
funding
things
like
vaccine
activities,
building
up
public
health
infrastructure,
bolstering
current
state
programs,
funding
for
indian
health
service
health
workforce
and
community
health
centers,
so
kind
of
touching
on
your
molly
and
your
london
mentioned
the
previous
packages.
Kind
of
funding
me
allocated
just
some
of
those
same
things
that
we
have
seen
in
the
past
few
really
films.
So
we
could
go
to
the
next
slide.
D
Please
this
is
the
human
services
funding
side
again,
seeing
some
similarities
from
previous
bills,
including
additional
funds,
but
in
the
areas
of
child
care
and
development
block
grant
some
newly
created
child
care.
Stabilization
grants,
maternal
and
early
childhood
home,
visiting
program,
behavioral
health
clinics
and
family
violence,
prevention
and
services
act.
So,
quite
a
few
programs
at
some
we
have
seen
funding
some
was
newly
created
funding.
D
I
know
there's
a
lot
of
numbers
being
shared,
so
if
people
have
additional
questions
or
curious,
what
have
states
received
and
states
are
projected
to
receive.
We
can
also
share
that
as
well,
michael,
if
you
go
to
the
next
slide.
D
On
the
medicare
side,
a
couple
of
provisions
regarding
providers,
including
looking
at
disproportionate
share
hospitals
and
funds
for
them,
accounting
for
looking
at
those
that
funding
has
to
also
account
for
the
increased
fma
that
was
given
to
states
at
6.2
percent
from
the
first
relief
bill
and
hhs
will
have
to
verify
with
checking
different
dish
payments.
D
Child
care
again
increased
are
additional
amounts
for
block
grants
to
states
other
supports
on
that,
and
my
colleague
margaret
weil
is
on
as
well.
So
if
you
have
specifics
around
the
child
care
piece
early
childhood,
I
know
she
can
help
with
that
as
well.
D
Under
medicaid,
there
was
also
a
couple
other
provisions,
including
increased
fmap,
for
states
that
choose
to
expand
medicaid
up
for
up
to
two
years.
It's
a
temporary
extension
if
they
choose
that
also
an
85
f
map
increase
for
three
years
for
states
that
they
want
to
for
covering
mobile
crisis
services,
including
behavioral
health
and
substance,
use
disorder
and
allowing
states
again
all
this
is
optional.
D
States
would
like
to
do
this
a
five-year
option
to
cover
postpartum
coverage
for
women
enrolled
in
medicaid
and
that's
for
up
to
five
years
and
then
the
other
provision
which
we've
got
quite
a
few
questions
on
is
home
and
community
based
services.
Now
this
just
also
allows
states
to
apply
for
increased
fmap.
D
That
increase
is
not
just
for
the
base
of
home
and
community-based
services.
It's
in
addition
to,
but
this
funding
only
lasts
for
one
year
compared
to
the
others
or
several
years,
and
you
can
states
can
start
applying
next
month.
D
We
have
reached
out
to
cms
specifically
on
some
of
these
fmap
increases
and
for
states
when
applying,
especially
in
this
home
and
community
services.
What
would
this
look
like
if
it
is,
in
addition
to
their
base
funding
and
some
of
those
more
technical
questions,
we're
still
waiting
to
hear
back
from
cms
on
some
of
the
guidance
that
will
hopefully
be
coming
out
soon,
especially
for
those
with
the
time
frame
to
get
the
increased
staff
members
shorter
and
then
health
insurance?
D
Quite
a
few
different
provisions
for
covering
folks
that
are
individuals
that
are
interested
in
rolling
in
the
marketplace.
D
So
essentially,
what
the
big
guidance
is
now
is,
if
you
or
if
someone
would
like
to
enroll
in
a
plan
and
they
need
coverage
if
an
individual
needs
coverage
starting
april
1st
enroll
now
and
then
go
back
to
see
what
other
additional
subsidies
that
you
would
qualify
for
for
premium
coverage
and
so
the
premium
coverage
it's
using.
D
D
That
doesn't
mean
they
have
to
enroll
in
that
silver
plan,
but
it
just
gives
them
a
point
of
reference
and
then
they
can
enroll
in
whichever
plan
they
like
and
they
may
get
depending
on
the
level
of
plan
and
the
cost,
and
the
coverage
they'll
definitely
have
savings,
but
how
much
they
will
save
will
depend
on
the
plan
they
pick.
D
They
can
go
back
in
and
see
what
they
may
qualify
for
in
addition
to
their
household
income
situation.
So
that's
early
july
other
premium
savings
people
can
enroll
now
and
then,
starting
on
april,
1st,
go
back
in
to
see
it's
still
being
discussed
as
well.
If
that,
maybe
people
could
also
determine
their
premium
savings
based
on
tax
information
from
2021,
so
a
lot
of
big
different
kind
of
shifts
and
some
of
the
coverage
pieces
and
happy
to
share
additional
information.
D
As
we
know,
individuals
that
are
enrolling
there's
just
kind
of
a
lot
of
different
moving
parts,
but
it
seems
now
that
things
are
getting
a
little
bit
more
solid
about.
When
should
you
apply
and
if
you
qualify
under
different
situations,
what
would
what
would
that
look
like
for
an
individual
michael?
Can
you
go
to
the
next
slide?
Please,
and
that
is
all
I
have
for
health
and
human
services.
D
E
E
That's
been
used
in
the
previous
two
stimulus
packages
this
time
around,
there's
a
significant
amount
of
funding
overall,
there's
128
total
228
billion
in
total
funding
for
k-12
education,
about
110
billion
of
that
goes
directly
to
school
districts,
and
that's
also
includes
another
three
billion
dollars
for
the
individuals
with
disabilities
act
and
annual
appropriations.
E
These
funds
are
distributed
to
states
based
on
their
share
of
title
one
funding
and
then
off
to
districts
by
that
same
proportion
and
then
in
the
higher
ed
side
the
funds
are
distributed
to
just
just
about
every
college
and
university,
just
based
on
primarily
how
many
low-income
students
they
serve.
E
Also
a
couple
interesting
programs
is
about
800
million
dollars
to
support
homeless
and
foster
youth.
There's
also
7.2
billion
dollars
through
the
e-rate
program,
which
will
help
libraries
and
schools
provide
internet
connectivity
and
services
to
students
they're
also
talking
about
adding
some
flexibility
to
that
program
to
meet
students
in
the
home.
E
I
think
previously,
the
program
was
set
up
to
mostly
go
through
the
school
building
itself,
but
we
know
that
that's
not
necessarily
the
best
option
for
every
student
during
the
pandemic,
so
those
flexibilities
are
being
explored
by
the
fcc
right
now
and
there's
also
another
five
billion
dollars
to
extend
the
pandemic
ebt
program
which
allows
parents
who
have
students
that
qualify
for
free
and
reduced
price
lunch
to
receive
an
additional
benefit
to
to
compensate
for
maybe
the
lack
of
access
to
school
meals.
E
I
do
want
to
put
this
funding
into
context
because
it's
a
significant
amount.
The
total
money
for
k12
is
about
five
to
six
times
the
annual
federal
spending
rate
on
k-12
education
alone.
I
think
this
is
basically
considered
the
the
highest
investment
that
the
federal
government
has
ever
made
in
k-12
education
at
one
time.
So
there's
a
lot
of
discussions
about
how
to
use
these
funds
and
we'll
kind
of
get
in
that
to
a
second.
So
I
want
to
first
start
with
how
the
higher
end
funds
are
supposed
to
be
used.
E
So
every
university
just
about
is
going
to
get
some
level
of
funding
once
the
university
receives
those
funds.
50
of
the
funds
have
to
be
spent
on
emergency
aid
to
students,
and
the
universities
are,
as
they
have
before,
asked
to
create
the
distribution
process
for
those
funds
and
determine
who
qualifies.
Although
they
are
asked
to
prioritize
students
with
exceptional
need
and
then
once
students
receive
that
emergency
aid,
they
are
allowed
to
use
that
funding
on
anything.
E
Two
to
living
expenses
to
even
child
care,
getting
internet
connectivity,
things
like
that,
and
then
the
the
other
50
of
funds
that
the
university
receives
could
also
be
put
towards
emergency
in
for
students.
But
the
universities
themselves
could
also
use
that
to
compensate
for
any
revenue
declines
that
they
are
seeing
or
pay
for
any
sort
of
unforeseen
expenses
that
relate
to
the
pandemic.
So
let's
go
to
the
next
slide
and
talk
about
the
k-12
funding
and
and
what
it's
going
to
be
used.
E
So
there
are
some
differences
between
this
round
of
k-12
funding
in
the
last
round.
First
districts
do
receive
90
of
these
total
funds,
but
they
have
to
set
aside
at
least
20
percent
for
learning
loss
activities
and
then
for
the
state
the
state
before
and
as
now,
I
could
preserve
up
to
10
percent
of
their
total
funds
for
statewide
activities
to
address
the
pandemic.
This
time,
those
that
set
aside
is
a
little
more
dictated.
E
Every
state
has
to
reserve
at
least
five
percent
of
its
funding
to
for
activities
to
address
the
learning
loss
also
has
to
reserve
at
least
one
percent
or
after
school
programs
and
one
percent
of
funds
for
summer
school
programs
and
then
there's
a
remaining
three
percent
of
funds
that
the
state
can
use
at
its
discretion.
So
there's
a
real
emphasis
on
reservations
to
address
learning
loss.
E
Obviously
the
federal
legislation
lays
out
district
uses
and
the
state
set
aside,
but
we
are
seeing
some
states
that
have
directed
the
state
agency
as
to
how
they
should
go
about
setting
aside
their
funds
and
how
they
should
distribute
that.
So
I'm
happy
to
answer
any
questions
on
that,
but
that
is
something
new.
E
This
time
around
that
we
hadn't
seen
in
the
past,
and
that's
simply
because
the
education
stabilization
fund
runs
through
executive
agencies,
but
I
think
we're
seeing
some
legislatures
that
have
said
that
you
know
the
emergency
period
is
over.
We
want
to
make
sure
these
funds
are
going
through
regular
processes
in
terms
of
uses
at
the
district
level.
These
funds
are
highly
flexible.
E
I
think,
essentially,
anything
you
can
think
of
that
would
be
related
to
responding
to
the
pandemic
is
essentially
an
allowable
use
that
that
can
include
in
many
instances
construction
projects,
ventilation,
hvac
systems.
All
that
is
is
an
enumerated
allowable
use
under
these
funds,
but
they're.
You
know
that
use
for
construction
may
expand
just
beyond
those
particular
uses.
E
So
one
thing-
that's
that's
useful
to
know
is,
I
think
the
the
uses
are
flexible,
but
we're
trying
to
get
a
sense
of
how
long
districts
are
going
to
have
these
funds
and
how
they
should
sequence
the
spending
of
these
funds.
It's
anticipated.
The
districts
will
have
until
about
september,
2024
to
obligate
these
rounds
of
funds,
but
there's
some
thinking
that
if
they
manage
their
spending
right
that
they
may
have
these
funds
through
2025
2026.
E
So
the
real
question
for
districts
is
they
have
all
this
influx
of
funding
and
districts
need
to
be
careful
that
they
don't
put
in
new
programs
or
uses
that
may
go
away
once
once
the
the
funding
runs
out,
and
so
there's
a
real
question
about
how
do
you
sequence
these
funds
to
make
sure
that
any
new
programs
you
put
in
might
be
sustainable
over
time
or
how
to
make
sure
that
these
funds
are
just
being
sent
to?
You
know
the
first
program
that
pops
up
but
to
really
high
quality
program.
E
So
I
think
that's
really
going
to
be
the
big
conversation
that
the
education
community
is
having
go
to
the
next
slide.
Please
and
then
I'll
just
quickly
hit
on
this.
There
are
across
the
the
four
three
stimulus
packages.
There
are
maintenance
of
effort
provisions
that
states
need
to
be
mindful
of
that.
They
extend
from
fiscal
year
20
all
the
way
through
fiscal
year,
2023
the
first
two
fiscal
years
minutes
of
effort
basically
asked
states
to
maintain
the
same
level
of
spending
as
they
did
before
the
pandemic.
E
The
new
maintenance
of
effort
asked
that
states
maintain
proportional
spending
on
k-12
and
higher
education
separately,
as
they
did
before
the
pandemic,
and
there's
also
in
this
spending
bill
a
new
state
maintenance
of
equity
provision,
which
is
intended
to
discourage
states
from
making
any
disproportional
cuts
to
what
the
bill
defines
as
high
need
or
highest
property
districts.
Most
funding
formulas
don't
do
that
anyway,
but
one
provision
that
states
are
you
know
going
to
be
mindful
of
is
whether
the
cuts
that
they
make
are
if
they
make
cuts
below
the
2019
levels.
E
They
are
not
supposed
to
increase
that
funding
for
for
the
districts
that
are
deemed
highest
poverty.
So
I'm
happy
to
answer
any
questions
later,
but
that's
sort
of
just
an
overview
of
the
education
funds.
It's
a
historic
amount
and
there's
a
lot
of
conversation
left
to
be
had
about
how
to
spend
those.
So
I
believe
choice
is
up
next,
so
I'll
send
it
over
to
him.
F
Thanks
austin
and
good
afternoon,
everyone
I'm
going
to
briefly
cover
some
of
the
small
business
provisions
that
were
included
in
the
american
rescue
plan,
I'll
start
off
with
the
paycheck
protection
program,
which
I
know
that
everyone
is
probably
very
familiar
with
at
this
point,
so
I
won't
spend
too
much
time
on
it,
but
the
arp
did
include
7.25
billion
in
additional
funding
for
the
ppp.
F
It
may
seem,
like
that's
a
small
amount
compared
to
past
bills,
and
it
is,
but
there
was
a
large
infusion
of
funding
in
the
bill
that
was
signed
into
law
in
december
of
last
year
and
there's
still
money
remaining
in
the
in
the
program
which
I'll
touch
on
a
bit
later.
So
that
kind
of
explains
the
relatively
small
amount
in
this
package.
F
F
So.
Some
of
the
other
programs
that
received
additional
funding
include
the
small
business
administration's
idle
program
which
stands
for
economic
injury
disaster
loans.
While
idle
loans
are
for
are
available,
they
are
not
100
forgivable,
like
paycheck
protection
program.
Loans
are,
however,
there
are
what
is
called
an
idle
advance
payment
that
are
available
to
idle
applicants
and
the
arp
included
15
billion
dollars
in
additional
funding
for
the
advanced
payment
component
of
the
program
which
are
up
to
ten
thousand
dollars
and
those
are
100
forgivable.
F
So
businesses
and
low-income
communities
are
eligible
for
the
advanced
payments
as
long
as
their
businesses
have
no
more
than
300
employees
and
have
suffered
a
loss
of
30
percent
or
more
in
revenue.
F
There
is
also
29
billion
allocated
in
the
newly
created
restaurant
revitalization
fund,
which
will
provide
loans
to
restaurants,
bars,
food
trucks,
caterers,
breweries
and
wineries,
lounges,
basically,
any
place
where
the
public
gets
together
to
be
served.
Food
or
drinks
are
going
to
be
eligible.
F
The
the
small
business
administration
will
be
administering
the
program,
although
the
application
process
itself
is
still
being
figured
out.
We
do
know
that
the
restaurants
cannot
have
more
than
20
locations,
and
businesses
will
be
eligible
for
a
maximum
of
up
to
10
million
dollars
per
entity
or
5
million
dollars
per
location,
but
that
again
that's
the
maximum.
That's
not
like
a
guaranteed
amount
that
everyone
would
get.
F
The
grants
will
be
calculated
by
subtracting
2020
revenue
from
2019
revenue
and
additionally,
5
billion
of
that
29
billion
has
been
set
aside,
specifically
for
businesses
that
had
gross
receipts
during
2019
of
no
more
than
five
hundred
thousand
dollars
and
that's
kind
of
in
an
effort
to
target
smaller
restaurants
and
make
sure
that
there's
funding
specifically
for
them,
there's
also
15
billion
dollars
in
funds
allocated
for
the
shuttered
venue
operators
grant
program
which
will
help
museums
and
concert
venues.
F
Theaters
similar
enterprises,
like
that
and
the
sba
expects
to
open
applications
for
that
program
in
early
april.
So,
potentially
by
next
week,
10
billion
dollars
was
also
appropriated
to
reauthorize
the
state
small
business
credit
initiative,
which
was
actually
created
by
a
law
in
2010,
and
the
program
expired
in
2017.
F
So
I
believe,
that's
somewhere
around
april
11th
or
april
14th
somewhere
in
that
span
of
time,
there's
still
a
lot
of
details
to
be
figured
out
on
how
that
initiative
is
going
to
work
with
states,
but
that,
but
there
is
10
billion
dollars
allocated
for
that,
and
the
last
thing
I
wanted
to
mention
before
I
wrap
up
is
that,
as
of
three
days
ago,
on
march
21st,
over
8.2
million
paycheck
protection
loans
have
been
made
to
american
businesses
with
a
grand
total
of
over
718
billion
dollars
over
the
last
year.
F
So
that
means
there's
roughly
by
my
count,
roughly
88
billion
dollars
that
is
still
remaining
in
paycheck
protection
program
funding.
So
if
there
are
businesses
that
are
still
in
need
of
insistence
still
in
need
of
assistance,
they
should
apply
as
soon
as
possible.
There's
plenty
of
money,
and
even
if
a
business
received
a
ppp
loan
last
year,
they
are
eligible
for
a
second
loan
as
well.
Congress
is
working
to
extend
the
loan
processing
processing
deadline,
which
is
currently
set
at
march
31st.
F
F
The
senate
is
expected
to
pass
the
bill
at
some
point
this
week
with,
and
that
this
bill
would
push
the
or
would
make
the
new
deadline
may
31st,
as
well
as
give
the
sba
the
ability
to
continue
processing
applications
for
30
days
after
that
date.
So
there's
still
plenty
of
money
left
a
second
pvp
loan
is
available
for
those
that
need
it,
and
the
deadline
should
be
pushed
back
soon,
so
any
business
who
needs
it
needs
the
help
should
apply
as
soon
as
possible.
F
So
that
was
a
quick,
wrap-up
and
happy
to
answer
any
questions.
A
Thank
you
trace,
and
that
concludes
our
formal
presentation
of
what
is
in
the
american
rescue
plan,
we're
going
to
open
it
up
for
questions
in
just
a
second,
but
I
did
want
to
give
you
everyone's
name,
and
these
are
the
pictures
of
all
the
faces
in
ncsl
in
dc
and
if
you
want
to
follow
up
afterwards
with
any
of
the
staff.
Most
of
you
are
familiar,
knowing
ncsl's
email
structure,
but
its
first
name
dot
last
name
at
ncsl.org
and
with
that
I'm
gonna.