We reported earlier in the week that it looked as though the Senate was going to return to session next week. We have now learned that both houses will be returning to session next week. The session will focus on passing legislation related to the COVID-19 pandemic. Committee meetings will take place on Tuesday, with session scheduled for the following days.
Each house will be meeting through videoconferencing per their newly enacted rules. There is no detail yet on what COVID-19 related bills will be addressed in the session next week. It has been stated that only bills without a fiscal impact to the state will be considered.
There is no word yet if the Senate and Assembly are going to come to an agreement on an agenda on their own or if negotiations with the Governor will lead to a three-way deal on the legislation to be considered during this session. We will keep you posted as we learn more about the agenda and whether it has been fully negotiated.
The Governor announced that the state has partnered with lenders to develop a $100 million New York Forward Loan Fund. This fund will focus on businesses with 20 or fewer employees with less than $3 million in gross revenues. Details on the fund can be found at http://esd.ny.gov/nyforwardloans.
He also reported that it looks as though the Mid-Hudson and Long Island regions are on track to begin their Phase 1 re-opening next week.
If you have additional questions, please reach out to a member of our Government Affairs practice group for assistance:
Amy J. Kellogg
John M. Jennings