Mr. President, in order to build on a key provision I authored in the CARES Act, which provided states with $150 billion in Coronavirus Relief Funds (CRF), I am introducing the State and Local Emergency Stabilization Fund Act so that States and local governments can continue to be supported as they shoulder the costs of battling the corona virus. The State and Local Emergency Stabilization Fund Act would cut needless red tape that was bureaucratically imposed by the Trump Administration, which is constraining States from spending the CRF money that Congress unanimously approved to save lives and help rescue our economy. My legislation makes it clear that lost revenue is a cost. It also extends the time horizon States have to spend the money in order to ensure they have the flexibility to equitably allocate and disburse the funding and help communities combat COVID-19 and recover. Unfortunately, the costs of responding to the coronavirus and keeping our economy afloat have only increased as result of this Administration's inability to formulate and execute a public health strategy based on facts and science, or implement effectively the resources and programs Congress authorized to keep our economy afloat. To meet these increasing costs, this bill would provide State and local governments an additional $600 billion in funding.…
On the recordMay 7, 2020
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