On Monday, December 21, Congress passed a compromise bill (H.R.133), consisting of $1.4 trillion in appropriations for FY 2021, and a $900 billion emergency relief package to help the nation respond and recover from COVID-19.
The bill does not include fiscal assistance to state and local governments, nor COVID-19 liability reform for businesses.
Key FY 2021 Appropriations Include:
- AFG and SAFER Funding: $360 million for Assistance to Firefighters Grants (AFG) and $360 million for SAFER, for a total of $720 million. This is an increase of $5 million for both AFG and SAFER compared to FY 2020 funding levels.
- Emergency Management Performance Grants: $355 million
- FEMA Disaster Relief Fund (DRF): $17.142 billion
- State Homeland Security Grant Program: $610 million
- Urban Area Security Initiative: $705 million
Key Emergency Relief Provisions Include:
- Coronavirus Relief Fund (CRF) Extension: Extends the date by which state and local governments make expenditures with CARES Act Coronavirus Relief Fund awards – from December 30, 2020 to December 31, 2021.
- Paycheck Protection Program (PPP): Provides $284.45 billion for the Paycheck Protection Program, and extends the time of the program to March 31, 2021. (Review Title III beginning on page 11 of the Coronavirus Relief Provision Summary for additional information on PPP provisions.)
- Extension of Tax Credits for Paid Sick and Family Leave: The bill extends the refundable payroll tax credits for paid sick and family leave, enacted in the Families First Coronavirus Response Act, through the end of March 2021. It also modifies the tax credits so that they apply as if the corresponding employer mandates were extended through the end of March 2021.
- Expanded Unemployment Insurance: The bill restores the Federal Pandemic Unemployment Compensation (FPUC) supplement to all state and federal unemployment benefits at $300 per week, starting after December 26, 2020 and ending March 14, 2021.
- Economic Impact Payments (Round 2): The bill provides a refundable tax credit of $600 for individuals making up to $75,000 AGI. The bill provides $1,200 for joint filers making up to $150,000 and heads of household making up to $112,500. An additional $600 is provided for each qualifying child.
The FAMA/FEMSA Governmental Affairs Committee will continue to keep you updated on these provisions and programs as they are implemented.
If you have any questions, please contact the GAC Co-chairs:
John Granby at [email protected]
Lee Morris at [email protected]
David Durstine at [email protected]
or GAC Sr. Adviser Dave Gatton at [email protected]