What the Biden-Harris Administration may Mean for Your Business
President-elect Biden has called for a national mask mandate, though some may challenge his authority to do so in the courts. Biden is also advocating for the rapid passage of a COVID-19 relief package. Negotiations on a new package have been stalled since the summer, although both Democrats and Republicans agree on replenishing the Paycheck Protection Program and reauthorizing enhanced unemployment insurance (UI) benefits. They also agree on funding state and county governments, as well as targeted relief to specific industries.
How quickly a coronavirus relief package may pass, as well as the scope of that package, may also hinge on which party controls the Senate. The Biden administration may have the latitude to enact its proposals with Democratic majorities in both the Senate and the House. A Republican-led Senate may demand more concessions from the Biden administration and House Democrats in a final relief package.