Congress s mortgage stimulus program
[PDF File]Congress passes economic stimulus package
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Congress also continues to enact legislation designed to alleviate the subprime mortgage crisis. Last December, in the Mortgage Forgiveness Debt Relief Act of 2007, Congress permitted individuals to exclude from gross income in 2007 forgiveness of qualified indebtedness used to acquire a principal residence. In the stimulus package, Congress has
[PDF File]Key Provisions of the “Phase Three” COVID-19 Stimulus Package
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Key Provisions of the “Phase Three” COVID-19 Stimulus Package . On March 25, 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”), an emergency stimulus package that aims to provide financial assistance and other relief
[PDF File]Congress Passes the CARES Act Fiscal Stimulus Package to ...
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Congress Passes the CARES Act Fiscal Stimulus Package to Combat the Coronavirus Pandemic’s Economic Impact ... mortgage and evictions protections. In a ... program by the Federal Reserve that provides financing to banks and other lenders that make direct loans to
[PDF File]TH D CONGRESS SESSION S. 3548
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116TH CONGRESS 2D SESSION S. 3548 To provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. IN THE SENATE OF THE UNITED STATES MARCH 19, 2020 Mr. MCCONNELL (for himself, Mr. ALEXANDER, Mr. CRAPO, Mr. GRASSLEY,
[PDF File]COVID-19 Federal Stimulus Summary
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Congress Passes Historic COVID-19 Aid and Economic Relief Legislation H.R. 748 “The Coronavirus Aid, Relief, and Economic Security Act” (CARES ACT) On Wednesday, March 25, 2020, the U.S. Senate unanimously adopted a $2 trillion bipartisan agreement to address the needs of the American people and health care providers confronting the coronavirus
[PDF File]Act, visit Congress’s webpage
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Like any government program, there are qualifications, requirements and some limitations. There is also some prioritization in the program’s loans, withloans to small businesses and entities in rural and underserved markets being emphasized. For the full text of the CARES Act, visit Congress’s webpagedesignated to the act.
[PDF File]Paycheck Protection Program
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Paycheck Protection Program WHAT YOU NEED TO KNOW The Paycheck Protection Program is part of the $2 trillion federal stimulus package passed by Congress on March 27 to support America’s …
[PDF File]The Small Business Owner’s Guide to the CARES Act
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The Small Business Owner’s Guide to the CARES Act The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now . When implemented, there will
[PDF File]In the Senate of the United States,
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In the Senate of the United States, March 25, 2020. Resolved, That the bill from the House of Representa- tives (H.R. 748) entitled ‘‘An Act to amend the Internal Rev-enue Code of 1986 to repeal the excise tax on high cost em-
[PDF File]Update on SBA’s EIDL and PPP Loan Programs
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Congress’s three-phase response to COVID-19 H.R. 748 Stimulus package • Major stimulus package ($2 trillion) • Loans and support to major industries, including airlines and small businesses • Direct payments to individuals and families • Became law on 3/27/20 Initial support and vaccine development Paid leave, unemployment and food ...
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