Today’s multi-chamber webinar featuring United States Congressman Raja Krishnamoorthi (D-Illinois 8th District) has been postponed following U.S. House of Representatives Speaker Nancy Pelosi’s (D-California 12 District) May 12 legislative proposal for another $3 trillion in federal Coronavirus (COVID-19) Pandemic financial aid.
Congressman Krishnamoorthi is flying back to Washington, D.C., this morning to participate ion House discussion on the legislative proposal, titled The HEROES ACT.
The webinar has been rescheduled to Monday, May 18, at 9 a.m. Click HERE to register. Nearly 200 businesspeople representing the Elmhurst Chamber of Commerce, host GOA Regional Business Association and more than 15 west suburban chambers of commerce registered for today’s webinar via Zoom video conferencing.
Congressman Krishnamoorthi, who represents a small section of northwest Elmhurst not represented by Congressman Mike Quigley (D-5th District), will give brief remarks and then address participant’s questions and concerns regarding the Coronavirus (COVID-19) Pandemic and its effect on businesses.
The HEROES ACT proposes $1T in financial relief for states and cities, $200 billion in “hazard pay” for essential workers, $25B for the U.S. Postal Service, $10B more in Paycheck Protection Program (PPP) disaster loans towards under-served businesses and not-for-profit organizations, $3.6B for local officials to conduct elections in November, $600 million to local police departments for salaries and equipment and $600M in virus aid to state and federal prisons.
The $1T appropriation includes $375 billion for small suburban and rural municipalities not included in earlier relief bills.
The $10B appropriation in additional PPP funding will allow chambers of commerce, business and trade associations, and other 501(c)(6) NFP organizations to apply for financial relief via the U.S. Small Business Administration (SBA).
Individually, The HEROES Act provides monies to extend the $600-per-week boost to Unemployment Insurance benefits and a new round of $1,200 cash payments to taxpayers.