The President issued an executive order and three memoranda
recently. Currently, the effect of these orders is unknown due to possibly
being legally challenged and/or becoming irrelevant if Congress can pass a new
relief package quickly, although negotiations surrounding a relief package have
been stalled. The issues addressed include:
·
Additional $400/week unemployment assistance
- if receiving at least $100/week of state unemployment and unemployment
is due to COVID-19
·
Student loan deferral on Department of Education
loans through December 31, 2020
·
Directs certain government organizations to work
to help minimize evictions and foreclosures
·
Deferral of the employee portion of Social
Security tax on wages (under a certain threshold)
LWH is continuing to monitor the situation to determine how
the order/memoranda will impact clients.
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