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The Latest Update from the White House

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The Latest Update from the White House The Latest Update from the White House Under President Trump’s leadership, the United States has increased testing capacity, expanded PPE stockpiles, and developed therapeutics in order to help safely reopen the country again. Today, President Trump met with Governor Polis of Colorado and Governor Burgum of North Dakota in his non-partisan effort to ensure every state has the resources and guidance needed get their people safely back to work. Additionally, the U.S. Department of the Treasury and U.S. Small Business Administration released new information regarding the Paycheck Protection Program: • Frequently Asked Questions (Question 46 regarding the safe harbor and required certification) • Reminder: On Saturday, May 9, 2020, SBA sent a message from William Manger, Chief of Staff & Associate Administrator, Office of Capital Access to all PPP lenders from the CAFS Login System (CLS) secure email system. The message was regarding a specific data request. If your institution has not already completed this request, please provide your response no later than 5pm EDT Thursday, May 14, 2020. Good News of the Day: First graders from Michigan shared their stories of practicing kindness with First Lady Melania Trump as she joined the class through zoom. To learn more, click here. Assistance for Small Businesses The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. Program Overview • Top-line Overview of PPP • SBA Paycheck Protection Program Loan Report • SBA Paycheck Protection Program Loan Report Round 2 – Updated 5/3 • Summary of Paycheck Protection Program Round 2 Data – Updated 5/13 For Borrowers • More information • Search Tool: Find an Eligible Lender • Borrower Application Form • Applicable Affiliation Rules • How to Calculate Loan Amounts For Lenders • More information • Lender Application Form • Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions 1 • Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders • SBA Procedural Guidance on Participation Sales • Lender Assistance Hotline: (833) 572-0502 Program Rules • Frequently Asked Questions – Updated 5/13 • Interim Final Rule 1 • Interim Final Rule on Applicable Affiliation Rules • Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans • Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility • Interim Final Rule on Additional Criterion for Seasonal Employers • Interim Final Rule on Disbursements • Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders • Interim Final Rule on Nondiscrimination and Additional Eligibility Criteria – Updated 5/5 For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection. Assistance for American Workers and Families • Assistance for American Workers and Families • Preserving Jobs for American Industry How to Help – If you or your organization are interested in helping the effort to combat the spread of COVID-19, FEMA has established a website (www.fema.gov/coronavirus/how-to- help) with more information. Examples for the private sector include: • To sell medical supplies or equipment to the federal government, please refer to the Defense Logistics Agency (DLA) Request for information (RFI) through sam.gov. o Effective immediately, FEMA Solicitation number 70FA2020R00000011 is hereby withdrawn due to an Interagency transition of mission responsibility from FEMA to the Defense Logistics Agency (DLA). Offerors who submitted proposals, capability statements, and/or any response to this solicitation who have not already been contacted will not receive any notices or further correspondence/communications. • If you have medical supplies or equipment to donate, please provide us details on what you are offering. • If you or someone you know represent a hospital or healthcare provider in need of medical supplies, please contact your state, local, tribal or territory department of public health and/or emergency management agency. • If you are interested in doing business with FEMA and supporting the response to COVID- 19 with your company’s non-medical goods and/or services, please submit your 2 inquiry to the Department of Homeland Security (DHS) Procurement Action Innovative Response Team (PAIR) team at [email protected]. • If you would like to meet with a federal agency regarding a vaccine, diagnostic, therapeutic or other medical device that you are developing for SARS-CoV-2 or COVID-19, please go to medicalcountermeasures.gov. • For all others issues related to the private sector, please e-mail [email protected] or visit our National Business Emergency Operations Center page. If you are a healthcare worker and would like to volunteer to assist in New York City, please find more information here. For additional information, please visit FEMA’s website: https://www.fema.gov/coronavirus/. Guidelines for Opening Up America Again President Trump has unveiled Guidelines for Opening Up America Again, a three-phased approach based on the advice of public health experts. These steps will help state and local officials when reopening their economies, getting people back to work, and continuing to protect American lives. Please click here for more information: Guidelines for Opening Up America Again • Testing Overview (HERE) • Testing Blueprint (HERE) • Guidance for Cleaning and Disinfecting Public Spaces, Workplaces, Businesses, Schools and Homes (HERE) White House COVID-19 Updates • President Trump Meets with the Governor of Colorado and the Governor of North Dakota (REMARKS, VIDEO) • President Donald J. Trump Is Committed to Providing Support to Underserved Communities Impacted By the Coronavirus Pandemic (HERE) • Text of a Letter from the President to the Speaker of the House of Representatives and the President of the Senate (HERE) • President Trump: America's Testing Capacity Is Unmatched and Unrivaled (VIDEO) • Readout from the Vice President’s Discussion with Higher Education Leaders (HERE) • Sec. Azar: A Coronavirus Vaccine Is Coming Soon Thanks to Operation Warp Speed (VIDEO) • Sec. Azar: President Trump Is Breaking Records to Develop A Coronavirus Vaccine (VIDEO) • Daily 1600: What a Safe Reopening Looks Like (HERE) • West Wing Reads: The Era of Offshoring U.S. Jobs Is Over (HERE) 3 Update on Treasury Implementation of the Payroll Support Program for the Aviation Industry (HERE) • Since announcing the Payroll Support Program, Treasury has approved over $25 billion in assistance to 352 applicants, supporting hundreds of thousands of American jobs. Approved applicants include all of the major passenger air carriers, more than 260 smaller passenger air carriers, and a significant number of cargo air carriers and contractors. Secretary Ben Carson Works Alongside Veterans Group to Support “Neighbors Helping Neighbors” in Philadelphia (HERE) • U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today highlighted the Department’s “Neighbors Helping Neighbors” campaign at a veterans’ community in Philadelphia, Pennsylvania. As communities battle the coronavirus, Secretary Carson is meeting with business leaders, nonprofits, and community leaders to contribute to their response efforts. HUD Office of Native American Programs (ONAP) COVID-19 FAQs for Tribes and Tribally Designated Housing Entities (HERE) • The following Frequently Asked Questions (FAQs) have been designed to assist Tribes and TDHEs while they navigate the impact of COVID-19 on their day-to-day functions. ICYMI | HUD Secretary Ben Carson Discusses Actions Taken to Safeguard the American Renter and Homeowner against Impacts of Coronavirus on ‘Good Morning RE/MAX with Nick Bailey’ (VIDEO) • “We have incredible people in the building industry, incredible ideas coming out, ways to utilize holistic programs so that we build communities that are helpful to people in terms of their general development. Those are the kinds of things we have to start thinking about because this will pass.” – Secretary Ben Carson ICYMI | HUD Secretary Ben Carson Joins ‘The Ingraham Angle’ to Emphasize the Need for a Smart and Strategic Reopening of the Economy (VIDEO) • “And obviously one size does not fit all. That is so important. And, you know, this is the land of the free – maybe sometimes people forget that – but there is a reason that we rose from nowhere to the pinnacle of the world at record time because we had people that are free to use their gifts, their innovation, their entrepreneurship.” – Secretary Ben Carson 4 FHFA Announces Payment Deferral as New Repayment Option for Homeowners in COVID-19 Forbearance Plans (HERE) • Today, to help homeowners who are in COVID-19 related forbearance, the Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the Enterprises) are making available a new payment deferral option. Speech by Chair Powell on Current Economic Issues (HERE) • “The overall policy response to date has provided a measure of relief and stability, and will provide some support to the recovery when it comes.” - Chair Jerome H. Powell Chairman Reed Discusses EXIM’s COVID-19 Response with 30 EXIM Delegated Authority Lenders (HERE) • Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today
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