While Congress has indicated that it will continue ongoing negotiations regarding another stimulus package, the President signed one executive order and three executive memoranda. It should be noted that there is uncertainty regarding the application of these provisions. In addition, the President’s executive actions may be subject to legal challenge and subsequent legislation. As a result, taking action with respect to these provisions requires careful consideration and professional advice.
The executive order relates to an extension on the moratorium on renter evictions, the previous moratorium ended on July 24, 2020, under the CARES Act.
The executive memoranda are as follows:
It appears that Congress will continue negotiations on the next stimulus package, which is expected to contain the following items:
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