May 27, 2020 - Over the past few weeks, Governor Abbott has implemented Phases 1 and 2 of reopening Texas. Click here to view the reopening plan and minimum standard health protocols mandated by the Texas Department of State Health Services.
U.S. Department of the Treasury
On March 24, 2020, U.S. Treasury Secretary Steven T. Mnuchin issued a statement deeming financial and insurance services as an essential business.
To assist small businesses in these trying times, meet the Paycheck Protection Plan. As of April 15th, 2020, most of the funds allocated to PPP are depleted. Scroll down to read more about this aspect of the CARES Act!
April 23, 2020 - The House passes the $484B coronavirus relief package, passed by the Senate on Tuesday, for small businesses, hospitals and expanded medical testing. President Trump is expected to quickly sign this legislation into law.
April 21, 2020- Senator Chuck Schumer says deal reached on more coronavirus aid for small businesses. US Senate slated to reconvene at 4 PM EST today. Stay turned for updates!
UPDATE: Senate passes a $484 billion relief package for small businesses hurt by the coronavirus. The bill goes to the House, which is expected to vote on the package Thursday.
April 16, 2020 - Last night it was announced that funds for the Paycheck Protection Plan (PPP) are depleted, but there are efforts made to receive more funding. Click here to read more. Updates surrounding this topic will continue to be posted here.
March 27, 2020 - President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This historic, robust $2 trillion legislation is aimed at helping workers, businesses, and states deal with the economic fallout from efforts to curb the coronavirus outbreak. Click here to view NAIFA's breakdown of the bill.
Our lobbying firm, Greenberg Traurig, has developed the Greenberg Traurig Health Emergency Preparedness Task Force on COVID-19. This task force offers insight and experience that may be critical your clients as the world continues to monitor and address this situation. To view news articles, alerts, blogs, and subscribe to receive immediate updates, please click here.
TEXAS DEPARTMENT OF INSURANCE
The Texas Department of Insurance (TDI) has been coordinating with state agencies on steps to help our state reduce the spread of COVID-19 and minimize potential regulatory burdens as you continue to serve your clients. NAIFA-Texas suggests visiting TDI's coronavirus resource page for regular updates on the coronavirus and guidance to the industry during this time.
Updated April, 8, 2020 - TDI expanded on Gov. Abbott's stay-at-home order regarding what an "essential" service is and what it means for our industry. Click here to read more. Governor's orders are meant to prevent any further spread of COVID-19 and supersede any stricter definition of essential services in local orders.