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


  • No additional paid leave

More Advocacy Issues

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On May 12, the House Transportation Committee Subcommittee on Railroads, Pipelines, and Hazardous Materials held a hearing entitled “Board Member Views on the Surface Transportation Board (STB) Reauthorization.” More here.

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On May 12th, the House Agriculture Committee held a hearing on “Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models.” Committee Chairman David Scott (D-GA) said that he had serious concerns about the risks the FTX proposal would pose to derivatives markets’ primary functions of price discovery and risk hedging. Several members […]

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On April 15th, China Cotton Association (CCA) held its 2022 Annual Council Meeting online, with over 120 participants made of CCA’s Council members, government officials and industry experts. The meeting mainly focused on CCA’s works and efforts in 2021 and industry outlook and work priorities for 2022, which is to put continued efforts to promote […]

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CFTC Commissioners Confirmed

March 29th, 2022

Last night, the Senate confirmed all four Commodity Futures Trading Commission (CFTC) Commissioner nominees by voice vote. Democrats Kristin Johnson and Christy Goldsmith Romero are confirmed for terms expiring April 2025 and April 2024 respectively. Republicans Caroline Pham and Summer Mersinger are confirmed for terms ending April 2027 and April 2023 respectively. This is the first time that […]

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On the evening of March 21st, ACSA staff met with the China Cotton Association (CCA) to discuss the state of play for the cotton industry in both the U.S. and China. Yuan Associates stated that, “During the meeting, Vice President and Secretary General of CCA Mr. Wang Jianhong expressed the hope to work with ACSA […]

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