On December 20, 2020, Senate Leadership announced the approval of a $900 billion economic relief package to deliver relief and emergency aid during the ongoing pandemic as cases continue to surge across the country. This bill has been months in the making and is the first major piece of legislation since congress passed the CARES Act and the Families First Coronavirus Response Act back in late March and early April of 2020.
The new package includes some of the following:
This relief bill was signed by President Trump as of Sunday, December 27th. However, the conversation about what else is needed is still ongoing amongst lawmakers as the pandemic continues. It is also still unclear as to how long some of these measures will be in place. As this bill was approved in an effort to avoid another government shutdown, amendments and additions are still highly possible in 2021.
Is there anything Payroll Systems can help you with as you accommodate rapid legislation changes? Reach out and talk to us about the easy-to-scale solutions you need for your business.
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This article provides general information and shouldn’t be construed as legal or HR advice. Since employment laws may change over time and can vary by location and industry, please consult a lawyer or HR expert for advice specific to your business. You can also contact Payroll Systems to inquire about our HR support services.