Congress Reaches Deal on FY 21 Omnibus Appropriations and COVID Relief Bill; Includes CRF Extension to Dec. 31, 2021; Passes One-Day CR >>

December 21st, 2020

Congress Reaches Deal on FY 21 Omnibus Appropriations and COVID Relief Bill; Includes CRF Extension to Dec. 31, 2021; Passes One-Day CR

With federal government funding set to expire again tonight, House and Senate Leaders have reached a deal on the $1.4T FY 21 Omnibus Appropriations and the approximately $900B COVID Relief Bill. At present, the House and Senate have not released the legislative text to the bill. However, the bill does include an extension for using the Coronavirus Relief Fund (CRF) until December 31, 2021. We have also heard that the bill does not include any new flexibilities on the use of the funds, but that this may be something that the next administration could address. In addition, as reported by multiple news outlets, the bill will not contain any new funding for state, local, or tribal governments.

Although no specific legislative text has been released, House Democrats have released a summary of some key provisions. According to the summary, the bill also provides direct payments of $600 for individuals making less than $75,000 and $600 for each child dependent; an extension of unemployment insurance through March 14 with an increase of $300 per week; over $280B for additional Paycheck Protection Program (PPP) loans; $69B for Vaccines, Testing, and Contact Tracing; $82B for schools (including over $800M for BIE schools); $25B for rental assistance (including $800M for tribal housing); $13B for nutrition assistance; $10B for childcare; $7B for broadband; and an extension of the Employee Retention Tax Credit among other programs.

In order to provide time for both the House and Senate to go through their legislative process, Congress is passing a one-day continuing resolution (CR) tonight. It is expected that the House will pass the FY 21 Omnibus Appropriations and COVID Relief Bill tomorrow as well as a seven-day CR to allow more time for the Senate to consider the bill and to have the bill printed for the President to sign.

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