Media

March 20, 2020

Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave

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On Friday, March 20^th, Governor Pritzker issued Executive Order 2020-10 requiring all Illinoisans to stay in their homes to prevent the further spread of COVID-19. The order prohibits things like visiting the homes of friends and holding gatherings of any size and closes all nonessential establishments, including most retail, recreation and entertainment businesses. It does NOT prohibit essential activities like going to the grocery store, receiving medical care, or taking your pet for a walk.

Letter is below and HERE

Dear Speaker Pelosi and Minority Leader McCarthy,

As you begin negotiating a critical emergency financial recovery package in response to the Coronavirus pandemic (COVID-19) and its devastating impact on workers, families and the economy, we ask that you prioritize robust student debt cancellation and immediate relief for the nearly 45 million student loan borrowers shouldering record levels of student loan debt.

Overview of Federal Emergency Action Related to Coronavirus - (Updated March 20, 2020)

Dear constituents:

The State of Illinois has received its statewide Economic Injury Declarationwhich means small businesses in all 102 Illinois counties may be eligible for low-interest, economic injury disaster loans up to $2M per business.

Businesses can access additional information and apply for the loan online here.

There are hardship programs in place to help homeowners who have been directly or indirectly affected by the coronavirus and are struggling to make their mortgage payments. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, encourages homeowners adversely impacted by the coronavirus who are having difficulty paying their mortgages to reach out to their mortgage servicers as soon as possible. As the Consumer Financial Protection Bureau advises, “you can find the number for your mortgage servicer on your monthly mortgage statement or coupon book.”

There are hardship programs in place to help homeowners who have been directly or indirectly affected by the coronavirus and are struggling to make their mortgage payments. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, encourages homeowners adversely impacted by the coronavirus who are having difficulty paying their mortgages to reach out to their mortgage servicers as soon as possible. As the Consumer Financial Protection Bureau advises, “you can find the number for your mortgage servicer on your monthly mortgage statement or coupon book.”