Update from Senator Cotton
Looking ahead. The Administration and Congress appear to be close to a deal providing another $310 billion in small-business PPP loans plus $75 billion for hospitals, $25bn for more testing and maybe more EIDL loans. Given the backlog in PPP applications, it’s rather possible that extra $310 billion in PPP could be used up within 72 hours of passage. There are also reports of a $500bn package for state and local governments. Congress is expected to officially return on Monday, May 4th, with everything prior to that done by unanimous consent. It’s unclear when Congressional committee hearings will be scheduled.
News you can use:
Where’s my Economic Impact Payment i.e. the ‘stimulus checks’? Check here for a status update. If you didn’t file taxes in 2018/19 but want direct-deposit you can give the IRS your bank account info. And if not, and you’re getting a paper check, you can update your mailing address here if needed. Five reasons why you may not have received your payment yet. Know that anti-fraud features have been added to the paper checks, which will look like the photo below.
The three big credit reporting agencies are offering free weekly credit reports “to all Americans for the next year to help them protect their financial health.”
Airlines are extending your status and points-expiry to 2021. Good news. It’s not like many of us are cashing-in points right now or on our way to earning AA Executive Platinum status this year.
Arkansas lenders did a solid job getting PPP loans to AR businesses. Per the map below on the first batch of the SBA’s $349 billion in forgive-able loans. Attached is state-by-state data, “PPP
The Fed stands up lending facilities for mid-sized employers. The larger loans will be from the Fed’s Main Street Expanded Loan Facility, which some immature folks are calling “F-MSELF,” not that I find that kind of thing amusing.
White House Guidelines for Opening Up America Again.”