Policy Issues

CORONAVIRUS, PUBLIC POLICIES AND THE ECONOMY

March 6, 2021 - Senate Democrats passed an amended, $1.9 trillion pandemic relief package, The American Rescue Plan – that has now been sent back to the House for final passage before current unemployment benefits expire March 14. 

See The Roundtable's document -- "Summary and Analysis of Key Economic Provisions in The American Rescue Plan."

February 27, 2021 - The American Rescue Plan Act of 2021 (H.R. 1319) was passed by the House of Representatives is a $195 trillion COVID-19 relief package that provides $638 billion in tax cuts, offset by $45 billion in tax increases, and represents over 2% of GDP in 2021.


Last December,  Congress passed a multi-trillion “omnibus” bill that provides approximately $900 billion in coronavirus relief, as well as $1.4 trillion to fund government operations through Sept. 30. (Text of the 5,550-plus page bill)

The legislation is the culmination of months of bipartisan negotiations to further stimulate the COVID-era economy. It will also keep the federal government operational for the rest of the current fiscal year. 

Matters of particular interest to the real estate sector are summarized in "Key Provisions Impacting Real Estate in the Bipartisan COVID-19 Omnibus Legislation -- The Consolidated Appropriations Act, 2021."

Summaries provided by various Congressional offices regarding the $900 billion COVID-19 relief package include:

 

Roundtable's Response

Roundtable President and CEO Jeffrey DeBoer stated, “Owners and managers of all types of buildings are taking actions to better understand the potential contagion and how to best help building occupants, visitors and employees prevent further spread of the coronavirus. This viral threat to lives, businesses and economies is a top concern for our industry and we stand ready to assist public health officials as they recommend.”

Further policies from Congress and the Administration are expected to address longer-term stimulus of the U.S. economy through measures such as infrastructure investment, workforce development, increased lending for small businesses, and stabilizing the capital markets.  The Roundtable will continue to work with our colleague partner associations to unify the real estate industry’s message as policymakers develop and implement measures to mitigate the COVID-19 pandemic.

 

RELATED CONTENT

Members Only

The Roundtable’s Homeland Security Task Force (HSTF) is co-chaired by Dan Kennedy (URW) and Charlie McGonigal (Brookfield).  The HSTF includes senior security and risk management managers from a range of ownership, investment and management firms as well as staff from affiliated real estate trade organizations.

Staff Contact
DD-Oct2019 - contact Duane J. Desiderio 
 Senior Vice President & Counsel
CER - Oct2019 - contact Clifton (Chip) E. Rodgers, Jr. 
 Senior Vice President
RM-Oct2019 - contact Ryan P. McCormick
 Senior Vice President & Counsel

Other Resources

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Roundtable Weekly (Policy Newsletter & Archive)
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Annual Report (Roundtable Accomplishments & Activities)
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Policy Agenda (Roundtable Goals & Advocacy)