•   
  •   
  •   

Politics Pelosi proposal would ban corporations receiving coronavirus aid from lobbying

00:10  24 march  2020
00:10  24 march  2020 Source:   politico.com

What's included in the coronavirus response package?

  What's included in the coronavirus response package? The House passed a sweeping coronavirus relief bill that includes free testing and paid sick leave. Here's what's included in the legislation:Free coronavirus testing: Federal health providers such as Medicare and Medicaid, and private health insurers, are required to provide free testing.Expanded funding for food security programs: The Special Supplemental Nutrition Program for Women Infants and Children, the Emergency Food Assistance Program and the Senior Nutrition Program will receive supplemental funding to assist Americans affected by the virus.

Corporations that receive coronavirus relief loans would be banned from lobbying the federal government under a new proposal backed by House Speaker Nancy Pelosi . House Democrats drafted the bill, the text of which is circulating on K Street and was obtained by POLITICO, even as Pelosi

Speaker Nancy Pelosi says the Senate GOP bill “put corporations first” but because of the “insistence” of Democratic leadership PHOTO: House Speaker Nancy Pelosi makes a statement about the government's response to coronavirus disease (COVID-19) from the Speakers Lobby on Capitol Hill

Corporations that receive coronavirus relief loans would be banned from lobbying the federal government under a new proposal backed by House Speaker Nancy Pelosi.

Nancy Pelosi et al. looking at a cell phone: House Speaker Nancy Pelosi. © Alex Wong/Getty Images House Speaker Nancy Pelosi.

House Democrats drafted the bill, the text of which is circulating on K Street and was obtained by POLITICO, even as Pelosi also negotiated with Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer this weekend on a separate package that McConnell is trying to pass through the upper chamber. A procedural vote to advance the Senate bill on Monday afternoon failed.

Pelosi urges Trump to tap emergency war powers immediately

  Pelosi urges Trump to tap emergency war powers immediately Speaker Nancy Pelosi called on President Trump to use emergency war powers he invoked just a day earlier to immediately press industry to accelerate production of medical supplies."Right now, shortages of critical medical and personal protective equipment are harming our ability to fight the coronavirus epidemic, endangering frontline workers and making it harder to care for those who fall ill," Pelosi said in a statement.

WASHINGTON (Reuters) - A far-reaching coronavirus economic stimulus package failed to The Senate measure includes financial aid for ordinary Americans, small businesses and critically The speaker of the House of Representatives, Nancy Pelosi , released her own version, which would add

Democrats reportedly want the emergency coronavirus stimulus bill to provide Small Business Assistance to Planned Parenthood. The Hill reported Sunday that one of the reasons bipartisan support for a massive coronavirus stimulus package has fallen apart is, once again, because

While McConnell’s bill includes some restrictions on how much companies that receive coronavirus relief loans, Pelosi’s proposal goes much further.

House Democrats’ bill would ban corporations from paying bonuses to their executives or paying any compensation to fired executives until the corporations repay their coronavirus relief loans to the federal government.

The bill would also ban corporations receiving relief loans from buying back their own stock or paying out dividends to shareholders. And it would bar such corporations from lobbying the federal government, in a move sure to arouse anger on K Street among Democratic and Republican lobbyists alike.

Coronavirus: Why lawmakers can't agree on an economic rescue package amid pandemic

  Coronavirus: Why lawmakers can't agree on an economic rescue package amid pandemic Lawmakers know that when financial markets open Monday, Wall Street will be looking to Congress for help.“No deal,” House Speaker Nancy Pelosi, D-Calif., told reporters after meeting with Senate Majority Leader Mitch McConnell, R-Ky., and others on Capitol Hill.

They argued the proposed aid package favored corporations over workers and health care providers, sending Republicans back to the negotiating table. Earlier Sunday, Schumer said that House Speaker Nancy Pelosi and Democrats would put their own bill forward.

The Senate voted 47-47 on a .8 trillion bill to shore up the economy during the COVID-19 coronavirus epidemic, far short of the 60 votes needed to advance the legislation. The problem is that the GOP failed to propose a bill that protects American workers from economic catastrophe.

McConnell’s bill, in contrast, only prohibits businesses that receive coronavirus relief funds from giving raises for two years to employees who make more than $425,000 a year. It also bans such companies from paying severance packages to employees who make more than $425,000 that are worth more than twice what the employee made last year.

News to stay informed. Advice to stay safe.
Click here for complete coronavirus coverage from Microsoft News

Pelosi’s office didn’t immediately respond to a request for comment.

House Democrats propose $10 billion for health centers in infrastructure plan .
Senior Democrats in the U.S. House of Representatives said on Wednesday they would include $10 billion for community health centers on the front lines of fighting the coronavirus.The proposed legislation, outlined by House Speaker Nancy Pelosi and two House committee chairmen, hews closely to an infrastructure package House Democrats unveiled in January.

—   Share news in the SOC. Networks
usr: 1
This is interesting!