Updated: Feb 17, 2021
By Chad V. Sorenson, SHRM-SCP, SPHR
President, Adaptive HR Solutions
President Elect, HR Florida State Council
Wednesday, March 18, 2020
SENATE HAS APPROVED and the President has signed THE REVISED BILL
Significant differences from Bill approved on Friday night
Link to final bill: https://www.congress.gov/116/bills/hr6201/BILLS-116hr6201enr.pdf
The US Congress has now passed the Families First Coronavirus Response Act (R 6201) and was just signed by President Trump. The Secretary of Labor now has up to 15 days to put it into full effect.
There have been some significant changes since my last post over the weekend. Following is a summary of the bill in bullet form to help employer understand what they will be facing shortly. The bill is good for employees in providing financial assistance should their lives be directly impacted by COVID-19. Additionally, to help small and medium-sized employers, the bill has placed limits on the amount paid out to employees and provides tax credits for the sums paid to employees under this bill.
Note that my commentary only covers the items directly impacting small and medium-sized employers. It is also important to note that this bill applies only to employers with fewer than 500 employees. Information contained in this blog still has to be finalized by the Secretary of Labor and never should be taken as legal advice, but rather clarification assistance from a fellow HR practitioner.