April 1, 2020
HIDA Breaks Down The Third COVID-19 Response Package
On Friday March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is the third legislative package Congress has passed to respond to the current COVID-19 pandemic with a fourth and possibly fifth package still expected. The behemoth law provides over $2 trillion in aid to individuals, small businesses, corporations, and public health.
Despite some road bumps, the bill ultimately passed 96-0 in the Senate and by voice vote in the House of Representatives. Both chambers have since adjourned through at least April 20th, however the length of the recess could be extended as the country continues to respond to COVID-19.
Speaker of the House Nancy Pelosi has already laid out her priorities for a fourth COVID-19 response package, and staff is beginning to draft the legislative language. Republicans in the House are advocating a “wait-and-see” approach to assess how well the policies just passed in the CARES Act work before passing another large spending package.
HIDA Government Affairs has broken down the CARES Act into five summaries.
Industry Relevant Provisions
- Requires the National Academies of Science to lead a report on the health of the Medical Supply Chain
- Requires additional reporting for device shortages
- Requires the Strategic National Stockpile (SNS) to include personal protective equipment (PPE) and other ancillary supplies