Problem Solvers Caucus COVID-19 Proposal

There are eight major buckets of the proposal.

1. Testing & Health Care ($100 billion)
   • $25 billion testing – 3 million tests a day
   • $75 billion health care providers – relief released in CARES Act (health care provider community – forgives advanced Medicare reimbursement $45 million
2. Direct Assistant/Support for Individuals and Families ($316 billion)
   • $280 billion stimulus
     • Adult dependents would be eligible
     • Same restrictions on income
   • Plus up on WIC, SNAP 
   • Stabilize rental and mortgage market $25 billion
   • Student loan forbearance through December 31st
3. UI assistance ($120 billion)
   • 100% of income based on 2019 income – but we can go up to $600 for that support
   • 8-week transition period – during that time the plus up will be $450 across the board
   • 13 weeks going through Jan 2021
     • Another 13 weeks may get triggered
4. Small Businesses Support ($290 billion)
   • PPP $240 billion to SBA
     • Simplified loan forgiveness
     • Full transparency
     • $11 billion carved out for CDFIs
     • $50 billion for EIDL
   • $50 billion targeted ERTC
   • Continued support for the Main Street Lending Program
5. Schools and Child Care ($145 billion)
   • Use these dollars for all kinds of things
   • $15 billion childcare (30% of annual child care sector revenue)
     • Block grants
     • Dollars for provider relief (child care centers who can return to full capacity)
   • $100 billion K-12 lha
   • $30 billion higher education
6. State and Local Aid ($500 billion)
   • $130 hard past COVID-19 expenses
   • $130 hard forward looking COVID-19 expenses
   • $250 revenue shortfalls at local
   • $130 – already exists CARES Act funds
7. Election Aid ($400 million)
   • Poll workers, temporary staffers, polling location PPE, etc.
8. Miscellaneous
   • $12 billion rural broadband hotspots, particularly under-served rural and urban areas
   • $25 billion agriculture and aquaculture
   • $15 billion USPS and reform of pre-funding requirement
   • Move back timelines on census
   • Liability protections- good-faith companies should not deal with frivolous lawsuits
     • Robust enforcement of worker safety

Automatic Booster and Reducers

• $1.5 trillion to $2 trillion if needed
• Down to $1.3 trillion if not
• Fact based and evidenced based
• Metrics to determine if booster or reducer trigger:
  • Hospitalization numbers
  • Availability of vaccine

Notes

• No additional paid leave