Coronavirus Stimulus Aid Package

[yos9694]

...but you need to search the smaller numbers for pet projects.

Yep. But if you search for ,000,000 you'll get hundreds of hits and I'm not sure how many have patience to look at all

[aygart]

This is the idiot Republican.
https://www.msn.com/en-us/news/politics/mr-no-meet-the-us-congressman-who-might-delay-the-coronavirus-bill/ar-BB11NuCT?li=BBnb7Kz

For the farmers.....
Yes he is just as much of an idiot as the Ds who delayed it for a week. No more no less.

[ah giten]

Any discussion here about the government taking partnership in the airline industry?

https://viewfromthewing.com/u-s-airlines-about-to-become-part-government-owned/

[ltttc]

Delta Airlines , United Airlines and American Airlines fell between 4% and 8% as U.S. Treasury Secretary Steve Mnuchin said the aid designated for airlines in the package was not a bailout and that taxpayers would need to be compensated.
Boeing shed 10% after gaining as much as 90% this week, as Mnuchin said the planemaker had no intention of participating in the package.

[ah giten]

Boeing shed 10% after gaining as much as 90% this week, as Mnuchin said the planemaker had no intention of participating in the package.

Didn't Nikki Haley resign from Boeing because they were participating?

[CountValentine]

Pelosi says not in my house. They block the idiot Republican from delaying the vote!!!

[grodnoking]

I heard there is a 350 Million dollar cut to help for illegal immigrants in this bill. Is this true?

[etech0]

passed!
https://www.cnn.com/2020/03/27/politics/coronavirus-stimulus-house-vote/index.html

[CountValentine]

passed!
https://www.cnn.com/2020/03/27/politics/coronavirus-stimulus-house-vote/index.html

Hopefully we get phase 4 that targets workers and families only.

[yitzgar]

What happens to those that are on a student loan pslf plan if payments are deferred?

[kangarruu]

What happens to those that are on a student loan pslf plan if payments are deferred?

SEC. 3513. TEMPORARY RELIEF FOR FEDERAL STUDENT LOAN BORROWERS.

(a) IN GENERAL.—The Secretary shall suspend all payments due for loans made under part D and part B (that are held by the Department of Education) of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) through September 30, 2020.

(b) NO ACCRUAL OF INTEREST.—Notwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), interest shall not accrue on a loan described under subsection (a) for which payment was suspended for the period of the suspension.

(c) CONSIDERATION OF PAYMENTS.—Notwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), the Secretary shall deem each month for which a loan payment was suspended under this section as if the borrower of the loan had made a payment for the purpose of any loan forgiveness pro15 gram or loan rehabilitation program authorized under part D or B of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) for which the borrower would have otherwise qualified.

[yitzgar]

SEC. 3513. TEMPORARY RELIEF FOR FEDERAL STUDENT LOAN BORROWERS.

(a) IN GENERAL.—The Secretary shall suspend all payments due for loans made under part D and part B (that are held by the Department of Education) of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) through September 30, 2020.

(b) NO ACCRUAL OF INTEREST.—Notwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), interest shall not accrue on a loan described under subsection (a) for which payment was suspended for the period of the suspension.

(c) CONSIDERATION OF PAYMENTS.—Notwithstanding any other provision of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), the Secretary shall deem each month for which a loan payment was suspended under this section as if the borrower of the loan had made a payment for the purpose of any loan forgiveness pro15 gram or loan rehabilitation program authorized under part D or B of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.; 1071 et seq.) for which the borrower would have otherwise qualified.

Thank you very much. Do I have to contact them to suspend automatic withdrawals?

[YesThatsMe]

I have an "umbrella" entity that manages a bunch of buildings. Each building however is under it's own corp/partnership.

Can I fill out just one loan app for the whole whammy under the management entity? (All my payroll is run through the management entity, but all utilities and mortgage payments through the individual buildings).

If someone can point me to a good article on this stimulus specifically for Real Estate portfolios owners and managers it would be very very helpful.

[jose34]

Will the US dollar shrink value because of this.
As a US Citizen living in Israel is it worth it transfer some money to take shekel because of this?

[Jack out of the box]

Will the US dollar shrink value because of this.
As a US Citizen living in Israel is it worth it transfer some money to take shekel because of this?

There are a million factors which may affect currency rates. This is only one potential item. In the world situation we are in currencies are flopping up and down by the minute.

[jose34]

This question was asked by @me on the regular site. Don't think it was answered.

"My wife is a school based, but independent (contracted through an agency) speech therapist, so she’s self-employed. Due to school closures she is not able to work and therefore has lost all income. I’m sure this is fairly common, does anyone know how she is to file for the unemployment benefits (that I believe are not normally made available to self-employed workers)?"
Pretty much a temporary loss of income because of the virus.

[ltttc]

This question was asked by @me on the regular site. Don't think it was answered.

"My wife is a school based, but independent (contracted through an agency) speech therapist, so she’s self-employed. Due to school closures she is not able to work and therefore has lost all income. I’m sure this is fairly common, does anyone know how she is to file for the unemployment benefits (that I believe are not normally made available to self-employed workers)?"
Pretty much a temporary loss of income because of the virus.

Tell her to contact her agency and ask them if she should file for unemployment

[beeweegee]

Tell her to contact her agency and ask them if she should file for unemployment

Is there any guidance yet as to how soon an individual who didn't previously meet criteria for unemployment (e.g., this independent contractor therapist) can apply? Is the website set up for this yet?

[12HRS]

This question was asked by @me on the regular site. Don't think it was answered.

"My wife is a school based, but independent (contracted through an agency) speech therapist, so she’s self-employed. Due to school closures she is not able to work and therefore has lost all income. I’m sure this is fairly common, does anyone know how she is to file for the unemployment benefits (that I believe are not normally made available to self-employed workers)?"
Pretty much a temporary loss of income because of the virus.

dont have an answer but if you are in NYC I know therapists in this situation who are doing their contract work via video.

[YesThatsMe]

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf

https://www.natlawreview.com/article/paycheck-protection-program-sba-loan-program-expanded-cares-act