Coronavirus Government Response Update—Register Now for ISSA’s Next Advocacy WebinarJuly 28, 2020
Welcome to the Coronavirus Government Response Update. This information is intended to keep ISSA members up to date on fast-moving government affairs related to the COVID-19 pandemic, as well as other public policy issues important to the cleaning industry. Today’s update touches on ISSA’s upcoming advocacy webinar, the cleaning tax credit included in the U.S. Senate’s economic stimulus bill, the U.S. Federal Reserve’s extension of its lending programs through the end of the year, and more.
New ISSA Advocacy Webinar – Hand Sanitizers and the FDA
Register now for ISSA’s next advocacy webinar, “Hand Sanitizers and the FDA,” from 12 pm-1 pm CT on Wednesday, August 19, featuring Rhonda Jones, CEO of Scientific & Regulatory Consultants Inc. This webinar will cover many regulatory updates, including: product registration, permissible labeling and marketing claims, prohibited and allowable active ingredients, temporary policy regarding production of alcohol-based hand sanitizers, and what institutional and household consumers should look for in selecting appropriate hand sanitizers.
Cleaning Tax Credit Included in Senate Economic Stimulus Bill
Senate Republicans’ coronavirus relief bill, released Monday, includes a “safe and healthy workplace tax credit,” which ISSA has been advocating for several months. “ISSA thanks Republican Senate leadership for including the tax credit in this legislation, which recognizes the need to help employers offset the significant additional costs for cleaning and disinfecting due to the COVID-19 pandemic and to maintain a safe and healthy workplace for employees and customers,” said John Nothdurft, ISSA Director of Government Affairs. “We look forward to working with members of both the Senate and U.S. House of Representatives to pass a bipartisan reopening safely tax credit as part of the next federal stimulus package.”
Fed Extending Lending Programs Until End of Year
The Federal Reserve announced it will continue the lending and credit programs aimed at cushioning the economic fallout, set to run out September 30, until the end of the year. Programs covered include facilities for primary dealers and money markets, corporate bond purchases on both the primary and second markets and the most recent rollout, the Main Street Lending Program, the Term Asset-Backed Securities facility, and the Fed’s end of the Paycheck Protection Program.
U.S. Consumer Confidence Declines in July
The U.S. Conference board said Tuesday that U.S. consumer confidence sank to 92.6 in July from 98.3 in June induced by the flare-up in coronavirus infections across the country. The drop was steeper than the 94.5 economists had forecast for July. “Looking ahead, consumers have grown less optimistic about the short-term outlook for the economy and labor market and remain subdued about their financial prospects,” said Lynn Franco, senior director of economic indicators at The Conference Board.
Other links of interest: