NLBMDA MEMBER ALERT - COVID-19 ACTIVITY UPDATE - APRIL 21 2020

Monday, April 27, 2020

As the circumstances surrounding the COVID-19 pandemic continue to evolve at a chaotic pace, NLBMDA is be sending members a regular alert to provide updates on new actions taken by federal and state governments in response to COVID-19. These will include updates on state executive orders, federal guidance documents and Congressional activity. Members can find all of NLBMDA’s COVID-19 resources and communications by visiting our website here.

COVID-19 State by State Activity Tracker

NLBMDA is actively monitoring and tracking state activity related to the COVID-19 pandemic and will share a comprehensive summary of all activity to date. NLBMDA will continue to provide regular updates as information becomes available. Click here to view the latest information.

Recent Updates:

Colorado – The governor issued an order requiring essential business workers to wear masks or face coverings while working. It also requires workers to wear gloves when in contact with customers or goods if gloves are provided to workers by their employer.

Connecticut – The governor signed an order requiring individuals to wear face coverings in public, including places of work, when unable to maintain a safe social distance. The state also issued rules requiring employers to provide employees with masks or cloth face coverings.

Senate Passes Bill to Replenish Small Business Relief Programs

This evening, the Senate passed a bill to replenish the small business loan programs, including the Paycheck Protection Program (PPP). Earlier, the White House and Congress reached a deal on a package that will give;

  • $310 billion cash infusion for PPP,
  • $50 billion for Economic Injury Disaster Loans (EIDL),
  • $10 billion for EIDL grants,
  • $25 billion for testing,
  • and $75 billion for hospitals.

NLBMDA has been lobbying Congress to quickly replenish these programs and ensure dealers have access to relief programs.

The House of Representatives is planning to take action on Thursday and President Trump will sign the bill. NLBMDA members interested in applying for these programs should talk with their lenders as soon as possible so that they can be among the first to apply once the banks have the funds available. NLBMDA will send out a separate communication once President Trump signs the bill into law.

As a reminder, NLBMDA has compiled federal guidance and resources in the NLBMDA COVID-19 Action Resource Center. For questions, please contact Kevin McKenney at kevin@dealer.org.

Please note these updates do not constitute legal advice. Information contained may be subject to interpretation and companies should consult with their own counsel.

NLBMDA 4/27/2020

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