Your San Antonio Chamber of Commerce Public Policy team has been closely monitoring a possible 5th coronavirus relief package. The House and Senate have both passed their versions of a relief package, but both parties cannot come to an agreement on the principles of a 5th package. This week, the Senate Republicans moved forward with a Targeted Relief Package, but it failed to pass the Senate.
The Chamber believes the bill is a great step forward to providing financial assistance for small businesses and organizations adversely affected by COVID-19. We appreciate the inclusion of coronavirus liability relief as well as additional federal funding through an Education Stabilization Fund to support school districts and institutions of higher education. However, the bill does not provide aid with the flexibility for state and local governments to use toward budget shortfalls caused by COVID-19.
Your Chamber sent a letter to Senator Cornyn and Cruz applauding their efforts on moving forward with targeted relief package but urging them to provide state and local governments the economic security they need to combat this crisis and provide the essential services businesses depend on. State and local governments provide essential government services that businesses need to grow and operate. Any cuts to those essential services would jeopardize a successful economic recovery and hurt business confidence going forward.
If you have any questions about the letter or Chamber’s priorities for a 5th coronavirus relief package please contact Stephanie Reyes, Vice President of Public Policy by email firstname.lastname@example.org or by phone at 210- 229 – 2162.