Capitol Report: Key COVID-aid deadlines pushed back to the fall in new stimulus law

United States

With the passage the $ 1.9 trillion coronavirus economic-aid package, many of the deadlines for various stimulus-related programs were pushed back.

Some additional deadlines are likely to be pushed back. For example, Congress is expected to pass this week an extension of the Small Business Administration’s lending authority for the Paycheck Protection Program, pushing its expiration from March 31 to June 30.

In the past, so-called policy “cliffs” have driven lawmakers to act, and likely will again. Here are a few of the more significant deadlines facing Washington:

March 31 :

  • Expiration of Centers for Disease Control eviction moratorium.
  • Paycheck Protection Program loan authority expires.
  • Delay of Medicare provider payment reduction due to sequestration ends.

June 30:

  • Expiration on Federal Housing Finance Agency eviction moratorium on single-family properties backed by government-sponsored enterprises (Fannie Mae, Freddie Mac).

Sept. 6:

  • Pandemic Unemployment Assistance (benefits for gig workers, self-employed and independent contractors) ends for most receiving it.
  • $ 300 weekly federal unemployment add-on payment ends.
  • Pandemic Emergency Unemployment Assistance (state opt-in for up to 13 weeks of extra federally funded benefits) ends for most recipients.
  • Expiration of full federal funding for extended benefits in high jobless states.

Sept. 30:

  • Earliest date on which the Biden administration has said suspension of student-loan interest and principal payments could end.
  • Prohibition on laying off workers, buying back stock or paying dividends for air carriers and air contractors that took federal aid ends.
  • Expiration of refundable tax credits for family or sick leave made available under the pre-CARES Families First Coronavirus Response Act.
  • Increase of 15% in SNAP benefit levels ends.

Sources: Senate Majority Leader’s office, FHFA, CDC, Department of Education