Compilation* of COVID-19 Legislation & Government Updates April 7, 2020

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Compilation* of COVID-19 Legislation & Government Updates April 7, 2020
Compilation* of COVID-19 Legislation & Government Updates
                                       April 7, 2020

Americas ________________________________________________________________________________ 2
  United States (Federal) ___________________________________________________________________________ 2
  United States (State Specific) ______________________________________________________________________ 2
EMEA ___________________________________________________________________________________ 4
  Europe ________________________________________________________________________________________ 4
  Denmark ______________________________________________________________________________________ 4
  Germany ______________________________________________________________________________________ 4
  Saudi Arabia____________________________________________________________________________________ 5
  UK ____________________________________________________________________________________________ 6
Asia ____________________________________________________________________________________ 8
  Pan-Asia _______________________________________________________________________________________ 8
  Australia_______________________________________________________________________________________ 8
  India __________________________________________________________________________________________ 8
  Malaysia_______________________________________________________________________________________ 8
  Singapore ______________________________________________________________________________________ 9
International ____________________________________________________________________________ 10
APPENDIX 1 – U.S. State Pending Legislation Compilation _______________________________________ 12
APPENDIX 2 – Global Coronavirus Response Tracker, Yale Program on Financial Stability (YPFS) ________ 27
APPENDIX 3: Global Data Privacy & Security Guidance on Handling Personal Data During a Pandemic
Tracker by PRACTICAL LAW ________________________________________________________________ 33

*This document includes a compilation of legislation and governmental updates as they relate to COVID-19. It is not
intended to offer advice or guidance.

                                                           1
AMERICAS
UNITED STATES (FEDERAL)

Informal discussions1 regarding a fourth COVID-19 or “CARES 2” bill continue as the Senate is in the middle of a three week
break. House Speaker Nancy Pelosi stated2 that “CARES 2 must go further in assisting small businesses including farmers,
extending and strengthening unemployment benefits and giving families additional direct payment.” Senate Minority
Leader Chuck Schumer announced3 he would appoint Bharat Ramamurti to a five-person panel tasked with overseeing
the $500 billion in corporate loans distributed as part of the third coronavirus relief package. Senate Majority Mitch
McConnell, Chuck Schumer, Nancy Pelosi and Kevin McCarthy will each select one member of the panel, with McConnell
and Pelosi jointly choosing the fifth member.

On April 6, the Federal Reserve announced4 that it will establish another lending facility to help provide financing to expand
the Small Business Administration's loan program under the stimulus bill.

UNITED STATES (STATE SPECIFIC)

As of 8am EST on April 7, 2020, there are
168 pending COVID-19 Legislations
throughout 25 states. A total of 552
COVID-19 related bills have been enacted
and proposed in the U.S. The high level
summaries are included below.
 Over 440 executive actions have been
    issued in 50 states, Puerto Rico, the
    District of Columbia, Guam, and the
    Virgin Islands
 Over 85 bills have been introduced in
    25 states, Puerto Rico, and the District
    of Columbia on paid sick leave and
    worker protections as well as
    appropriations requests
 Over 25 states and the District of
    Columbia have issued emergency
    regulations on a number of issues including but not limited to insurance carriers, labor and wage, and medical
    licensure

1
    “Pressure mounts on Congress for quick action with next coronavirus bill”, The Hill, April 7, 2020,
           https://thehill.com/homenews/house/491467-pressure-mounts-on-congress-for-quick-action-with-next-coronavirus-bill
2
    “Dear Colleague to All Members on Next Steps on CARES Act and CARES 2”, Nancy Pelosi Speaker of the House, April 4, 2020,
           https://www.speaker.gov/newsroom/4420-0
3
    “Schumer names former Warren staffer to coronavirus funding oversight board”, The Hill, April 6, 2020,
          https://thehill.com/homenews/senate/491381-schumer-names-former-warren-staffer-to-coronavirus-funding-oversight-
          board
4
    “Federal Reserve will establish a facility to facilitate lending to small businesses via the Small Business Administration's Paycheck
           Protection Program (PPP) by providing term financing backed by PPP loans”, FederalReserve.gov, April 6, 2020,
           https://www.federalreserve.gov/newsevents/pressreleases/monetary20200406a.htm?utm_source=market-
           sum&utm_campaign=www.investopedia.com&utm_term=&utm_medium=email

                                                                      2
As of April 6, 2020, at least 24 legislatures (Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut,
Delaware, Georgia, Guam, Hawaii, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, New
Hampshire, New York, Rhode Island, South Carolina and Tennessee) have postponed their legislative session.

See Appendix 1 for a US State Summary Chart with more detail on pending bills.

See Appendix 2 for Coronavirus Response Tracker Details from Yale Program on Financial Stability (YPFS).

                                                           3
EMEA
EUROPE

2020/04 Coronavirus (COVID-19)—Key Financial Services Issues (LexisPSL)5

This Practice Note covers EU and UK regulatory statements and actions in response to the coronavirus (COVID-19)
outbreak and what these mean for financial services, with links to appropriate websites and materials.

2002/04/03 European Data Protection Board to issue guidance on data processing in the fight against COVID-196

The European Data Protection Board (EDPB) has announced that the issuing of guidance concerning data processing will
be brought forward as a result of the coronavirus (COVID-19) pandemic. The EDPB Chair, Andrea Jelinek, has confirmed
that the areas including the use of location and anonymization of data, the processing of health data for research and
scientific purposes and the processing of data by technologies used to facilitate remote working are all being prioritized.
The EDPB also intends to issue general guidance in line with adequate legal bases and pertinent legal principles. The EDPB
has replaced its monthly plenary meetings with weekly remote meetings.

DENMARK

2020/04/06 Regeringen målretter op til 290 millioner kroner til corona-indsatser (Danish)7

Denmark has expanded the Export Credit Program (EKF) to include large export companies--previously, it was only made
available to small and medium-sized enterprises (SMEs). DKK 5 billion will be allocated to guarantee up to 70% of loans to
larger companies. Both programs were set to be valid until October 1, 2020.

GERMANY

2020/04/06 German government adopts more extensive Quick Loan Programme for small and medium-sized
businesses8

The Bundesministerium der Finanzen has introduced a Quick Loan Program (Kfw-Schnellkredit) for small and medium-
sized enterprises (SMEs). The program was run by the government-owned promotional bank KfW. Loans are available to
SMEs with over 10 employees, active on the market since at least January 1, 2019. Eligible businesses can obtain loans at
a maximum of EUR 800,000 for firms with over 50 employees, and EUR 500,000 for firms with up to 50 employees.

5
    “Coronavirus (COVID-19)—key financial services issues”, LexisPSL, https://myshearman.com/services/RIS-
          Library/London/Documents/Europe%20-%20Coronavirus%20(COVID-
          19)%E2%80%94key%20financial%20services%20issues%20-%20Lexis%C2%AEPS.pdf
6
    “European Data Protection Board to issue guidance on data processing in the fight against COVID-19”, European Data Protection
          Board”, April 3, 2020, https://edpb.europa.eu/news/news/2020/european-data-protection-board-issue-guidance-data-
          processing-fight-against-covid-19_en
7
    “Regeringen målretter op til 290 millioner kroner til corona-indsatser”, Ministry of Industry, Business and Financial Affairs, April 5,
           2020, https://em.dk/nyhedsarkiv/2020/april/seks-milliarder-i-garantier-skal-hjaelpe-eksportvirksomhederne-gennem-
           krisen/
8
    “German government adopts more extensive Quick Loan Programme for small and medium-sized businesses”, Federal Ministry of
          Finance, April 6, 2020, https://www.bundesfinanzministerium.de/Content/EN/Pressemitteilungen/2020/2020-04-07-quick-
          loan-programme.html

                                                                       4
SAUDI ARABIA

Supreme Judicial Council postpones all hearings until further notice and activates e-trials9

16 March 2020, the Saudi Supreme Judicial Council decided to postpone the hearings of all cases at all courts until further
notice. The decision also included rescheduling and prioritizing postponed hearings and notifying parties electronically.
The courts will continue to adjudicate urgent cases, as determined by the judicial panel or the presiding judge. The courts
will implement e-trials, and impose electronic procedures for filing and receipt of briefs, requests for documents, deposit
of draft judgments, and delivery of judgments, appeals and similar motions that do not require appearance in the court.
All electronic filings must be through the systems of the Saudi Ministry of Justice.

SAMA reduces repo and reverse repo rates10

The Saudi Arabian Monetary Authority decided to cut the repo rate by 75 basis points from 1.75% to 1.00% and the reverse
repo rate by 75 basis points from 1.25% to 0.50%.

Suspension of holding assemblies of companies listed in the market11

On 17 March 2020, the Capital Market Authority suspended holding in-person assemblies of the listed companies until
further notice and holding them through modern technology means.

Confirmation that employee consent for unpaid leave is mandatory under Labor Law12

On 19 March 2020, the Ministry of Human Resources and Social Development confirmed that employee consent to go on
unpaid leave is mandatory under the Labor Law and that the Ministry is capable of receiving complaints of Labor Law
violations by companies online or by telephone.

Saudi Government implements economic measures to mitigate the impact of coronavirus13

On 20 March 2020, the Ministry of Finance announced the Saudi government is exempting and postponing various
government dues and fees worth more than SR70 billion to enhance liquidity in the private sector. In addition, the Saudi
Arabian Monetary Authority announced a package of SR50 billion to support the banking sector, financial institutions and
SMEs.

9
    “Supreme Judicial Council postpones all hearings until further notice and activates e-trials”, Ministry of Justice, April 7, 2020,
          https://www.moj.gov.sa/English/MediaCenter/news/Pages/NewsDetails.aspx?itemId=559
10
     “SAMA reduces repo and reverse repo rates”, Saudi Arabian Monetary Authority, March 16, 2020, http://www.sama.gov.sa/en-
          US/News/Pages/news-518.aspx
11
     “Suspension of holding assemblies of companies listed in the market”, Saudi Press Agency, March 17, 2020,
           https://www.spa.gov.sa/2048479
12
     “Confirmation that employee consent for unpaid leave is mandatory under Labor Law”, Saudi Press Agency, March 19, 2020,
            https://www.spa.gov.sa/viewfullstory.php?lang=en&newsid=2049429
13
     “Saudi Government implements economic measures to mitigate the impact of coronavirus”, Saudi Gazette, March 20, 2020,
           http://www.saudigazette.com.sa/article/591072/SAUDI-ARABIA/Saudi-govt-moves-to-mitigate-impact-of-coronavirus-on-
           economic-activities-and-private-sector

                                                                       5
Tax Measures14

The General Authority for Zakat and Tax introduced an extension of three months for filing tax returns and payment of
zakat, income tax, withholding tax, value added tax (VAT) and excise tax due for the period between 19 March to 30 June
2020.

Saudi government to bear 60% of the salaries of Saudi private sector employees with a total value of SR 9 billion15

On 3 April 2020, King Salman issued a royal decree to cover 60% of salaries of Saudi employees in the private sector.
Business owners may apply for assistance by submitting a request to the General Organization for Social Insurance (GOSI).
The value of the economic assistance is up to SR9 billion and covers 1.2 million citizens who work in private sector
companies.

UK

2020/04/07 FCA sets out priorities for 2020/2116

The Financial Conduct Authority (FCA) has today set out its business priorities for the year ahead – with specific focus on
the challenges presented by the coronavirus (Covid-19) pandemic.

2020/04/06 FCA expectations regarding funds in light of coronavirus (COVID-19)17

Statement regarding the FCA's expectation of funds during the COVID-19 pandemic. The statement considers delay in
publication of annual and half-yearly fund reports, virtual general meetings, ensuring compliance with limits on value at
risk (VaR) and electronic signatures.

2020/03 Transition from LIBOR remains an essential task despite coronavirus (COVID-19)18

The Working Group on Sterling Risk-free Reference Rates, the Bank of England and the Financial Conduct Authority have
issued a statement saying that the end-2021 deadline for firms to transition from LIBOR should remain unchanged. The
Working Group notes that the coronavirus (COVID-19) pandemic will impact the timing of certain aspects of the transition
programme, in particular for firms within the loan market.

2020/04/03 UKEF moves to shield UK businesses from risk of non-payment amid coronavirus (COVID-19) pandemic19

14
     “Tax Measures”, PWC.com, March 29, 2020, https://www.pwc.com/m1/en/services/tax/me-tax-legal-news/2020/middle-east-tax-
           other-measures-response-to-covid-19.html
15
     “Saudi government to bear 60% of the salaries of Saudi private sector employees with a total value of SR 9 billion”, Arabian
           Business Industries, April 3, 2020, https://www.arabianbusiness.com/banking-finance/444303-saudi-government-to-cover-
           60-of-private-sector-salaries-hit-by-covid-19
16
     “FCA sets out priorities for 2020/21”, Financial Conduct Authority, April 7, 2020, https://www.fca.org.uk/news/press-releases/fca-
           sets-out-priorities-2020-21
17
     “FCA expectations regarding funds in light of coronavirus (COVID-19)”, Financial Conduct Authority, April 7, 2020,
           https://www.fca.org.uk/firms/fca-expectations-regarding-funds-coronavirus
18
     “Transition from LIBOR remains an essential task despite coronavirus (COVID-19)”, Bank of England.co, March, 2020,
           https://www.bankofengland.co.uk/-/media/boe/files/markets/benchmarks/rfr/newsletter/march-2020.pdf
19
     “UKEF moves to shield UK businesses from risk of non-payment amid coronavirus (COVID-19) pandemic”, Gov.UK, April 3, 2020,
           https://www.gov.uk/government/news/ukef-expands-protection-against-non-payment-for-uk-exporters

                                                                     6
UK Export Finance has today announced it is expanding the scope of its Export Insurance Policy (EXIP) to cover transactions
with the EU, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the USA with immediate effect.
Exports from the UK to these markets totaled £499 billion last year, accounting for 74% of all international sales from the
UK.

2020/04 Coronavirus (COVID-19) implications for Banking & Finance lawyers (LexisPSL)20

This Practice Note brings together key content on coronavirus (COVID-19) published across Lexis®PSL that is likely to be
of interest to Banking & Finance lawyers. It is updated regularly with news, practical guidance and analysis which cover
the impact of COVID-19 developments.

2020/04 UK Coronavirus (COVID-19)—key issues for corporate lawyers (LexisPSL)21

This Practice Note considers the key issues that may arise for corporate practitioners in relation to the coronavirus (COVID-
19) pandemic. The coronavirus outbreak raises immediate legal and practical issues for companies who are due to hold
their annual general meeting (AGM) in the weeks and months ahead. See our Coronavirus (COVID-19)—AGM tracker for
details of how FTSE 350 and AIM 50 companies are responding to the crisis and associated guidance, including links to the
relevant notices of AGM, revised notices, announcements and company websites.

2020/04/06 The Bank of England’s Term Funding Scheme with additional incentives for SMEs will open to drawings on
15 April 202022

The Bank of England has moved up the opening date of the Term Funding Scheme for Small and Medium-sized Enterprises
(TFSME). It was re-scheduled to open on April 15, 2020. TFSME allowed eligible banks and building societies to access four-
year funding at rates close to the Bank Rate.

See Appendix 2 for Coronavirus Response Tracker Details from Yale Program on Financial Stability (YPFS).

20
     “Coronavirus (COVID-19) implications for Banking & Finance lawyers”, LexisPSL, April 7, 2020,
           https://myshearman.com/services/RIS-Library/London/Documents/UK%20-%20Coronavirus%20(COVID-
           19)%20implications%20for%20Banking%20and%20Finance%20lawyers.pdf
21
     “Coronavirus (COVID-19)—key issues for Corporate lawyers”, LexisPSL, https://myshearman.com/services/RIS-
           Library/London/Documents/UK%20-%20Coronavirus%20(COVID-19)—key%20issues%20for%20Corporate%20lawyers%20-
           %20Lexis.pdf
22
     “The Bank of England’s Term Funding Scheme with additional incentives for SMEs will open to drawings on 15 April 2020”, Bank of
           England, April 6, 2020, https://www.bankofengland.co.uk/news/2020/april/the-tfsme-will-open-to-drawings-on-april-15-
           2020

                                                                   7
ASIA
PAN-ASIA

2020/04/03 AIIB plans USD 5bn financing facility to battle COVID-19 impact (Inframation)23

The Asian Infrastructure Investment Bank (AIIB) plans to create a crisis recovery financing facility in response to the COVID-
19 crisis. The Beijing-based development bank aims to offer an initial USD 5bn financing to both public and private sector
entities in member countries that are suffering an adverse impact, according to a statement today.

AUSTRALIA

2020/04/07 COVID-19: implications for annual general meetings and other shareholder meetings24

This checklist considers the effect of the 2019 novel coronavirus disease (COVID-19) on shareholder meetings including
annual general meetings (AGMs) due to be held during the COVID-19 outbreak. It sets out the restrictions that apply to
holding AGMs and other shareholder meetings, advice companies should give to shareholders, the regulatory and other
relief that is available and alternative options for companies during the COVID-19 outbreak, including holding a hybrid or
virtual meeting.

INDIA

2020/03/23 Suo Moto Writ Petition: Cognizance for Extension of Limitation25

The Supreme Court has taken suo moto cognizance of the situation arising out of the challenge faced by the country on
account of COVID-19 and the resulting difficulties that may be faced by litigants in filing petitions/ applications/ suits/
appeals within the prescribed limitation period in each case. To obviate difficulties and to ensure that lawyers/litigants do
not have to come physically to file such proceedings in court across the country, the Supreme Court has ordered that the
period of limitation in all such proceedings, irrespective of the prescribed period that applies and whether condonable or
not, shall stand extended with effect from 15 March 2020 until further notice.

MALAYSIA

2020/04/06 Malaysia calls on lending organizations listed in the Lenders Act 1951 to impose a moratorium on SME
installment payments for 6 months beginning April 2020 (Malaysian)26

23
     “AIIB plans USD 5bn financing facility to battle COVID-19 impact”, Inframation, April 3, 2020,
            https://myshearman.com/services/RIS-
            Library/London/Documents/AIIB%20plans%20USD%205bn%20financing facility%20to%20battle%20COVID-
            19%20impact.pdf
24
     “COVID-19: implications for annual general meetings and other shareholder meetings”, PLC, April 7, 2020,
          https://myshearman.com/services/RIS-Library/London/Documents/Australia%20-%20COVID-19%20-
          %20implications%20for%20annual%20general%20meetings%20and%20other%20shareholder%20meetings%20(Practical%2
          0Law).pdf
25
     “Suo Moto Writ Petition: Cognizance for Extension of Limitation”, Supreme Court of India, March 23, 2020,
           https://ibbi.gov.in/uploads/order/ba13679c3c9779782c75ad2dbd7c65ca.pdf
26
     “Malaysia calls on lending organizations listed in the Lenders Act 1951 to impose a moratorium on SME installment payments for 6
           months beginning April 2020”, Treasury.gov.my, https://www.treasury.gov.my/pdf/Teks-Perutusan-Khas-YAB-PM-Prihatin-
           PKS-Tambahan.pdf

                                                                   8
On March 27, Malaysia announced the Economic Stimulus Package Concerned People or PRIHATIN worth RM250 billion.

020/04/06 Malaysia extends statutory documents to meet the requirements of the Companies Commission of
Malaysia (SSM) for 30 days and extended filing period of the company's financial statements for 3 months from the
last date of the CPP27

On March 27, Malaysia announced the Economic Stimulus Package Concerned People or PRIHATIN worth RM250 billion.

SINGAPORE

2020/04/06 Solidarity Budget28

The Government announced the Solidarity Budget which complements measures introduced under Budget 2020 and the
Resilience Budget to address the rapidly evolving COVID-19 situation and the impact on Singapore’s economy and society.
As part of the Job Support Scheme, the Government will co-fund the first $4,600 of gross monthly wages# paid to each
local employee for 9 months.

See Appendix 2 for Coronavirus Response Tracker Details from Yale Program on Financial Stability (YPFS).

27
     “Malaysia extends statutory documents to meet the requirements of the Companies Commission of Malaysia (SSM) for 30 days
           and extended filing period of the company's financial statements for 3 months from the last date of the CPP”,
           Treasury.gov.my, https://www.treasury.gov.my/pdf/Teks-Perutusan-Khas-YAB-PM-Prihatin-PKS-Tambahan.pdf
28
     “Solidarity Budget”, Singaporebudget.gov.sg, https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget, International
            Capital Market Association, https://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/Regulatory-Policy-
            Newsletter/, Inland Revenue Authority of Singapore, https://www.iras.gov.sg/irashome/Schemes/Businesses/Jobs-Support-
            Scheme--JSS-/

                                                                 9
INTERNATIONAL
2020/04/06 ICMA Quarterly Report Second Quarter 202029

The focus of the ICMA Quarterly Report for the Second Quarter of 2020 is on COVID-19: the impact on capital markets and
the response, introduced by a message from Martin Scheck, ICMA’s Chief Executive. There are feature articles on official
responses to the market impact of COVID-19; the Chinese bond market and the impact of COVID-19; Time to Act: ICMA’s
third corporate bond secondary market study, which is particularly timely in view of COVID-19. The Quarterly Assessment
is on post-Brexit: should the transition period be extended? And there are articles on the impact of COVID-19 and the
response in other sections of the ICMA Quarterly Report, which cover ICMA’s work on market practice and regulation in
the primary markets, secondary markets, repo and collateral markets, sustainability bond markets, asset management
and FinTech in international capital markets.

2020/04/06 Comment—delay of global bank capital rules could lead to wider tweaks (LexisPSL)30

MLex: A move from global banking standard setters to delay a mammoth set of new rules for financial institutions around
the world was expected in the wake of the coronavirus (COVID-19) crisis. But the new date might not be the only
amendment. There is a chance the Basel standards will be further delayed, changed beyond recognition, or reviewed in
light of the unforeseen crisis.

2020/04/03 Basel Committee Sets Out Additional Measures to Alleviate Impact of COVID-1931

On 3 April 2020, the Basel Committee on Banking Supervision (the Basel Committee) announced additional measures to
alleviate the impact of COVID-19 on the global banking system, including:
 Technical clarifications to ensure that banks reflect the risk-reducing effect of any extraordinary support measures
    and payment moratoria introduced in their jurisdictions when calculating their regulatory capital requirements. At
    https://www.bis.org/bcbs/publ/d498.pdf;32
 Amending the Basel Committee’s transitional arrangements for the regulatory capital treatment of expected credit
    loss accounting frameworks to provide jurisdictions with greater flexibility in deciding whether and how to phase in
    the impact of expected credit losses on regulatory capital. Also at https://www.bis.org/bcbs/publ/d498.pdf;33
 Deferring the final two implementation phases of the framework for margin requirements for non-centrally cleared
    derivatives by one year. See https://www.bis.org/press/p200403a.htm;34 and
 Postponing the implementation of the revised G-SIB (global systemically important bank) framework by one year, to
    2022.

29
     “ICMA Quarterly Report”, International Cappital Market Association (ICMA), April 6, 2020,
          https://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/Regulatory-Policy-Newsletter/
30
     “Comment—delay of global bank capital rules could lead to wider tweaks”, LexisPSL, April 6, 2020,
          https://myshearman.com/services/RIS-Library/London/Documents/Comment—
          Delay%20of%20global%20bank%20capital%20rules%20could%20lead%20to%20wider%20.pdf
31
     “Basel Committee Sets Out Additional Measures to Alleviate Impact of COVID-19”, April 3, 2020, Bank for International
            Settlements, April 3, 2020, https://www.bis.org/press/p200403.htm
32
     “Measures to reflect the impact of Covid-19”, Basel Committee on Banking Supervision, April, 2020,
          https://www.bis.org/bcbs/publ/d498.pdf
33
     “Measures to reflect the impact of Covid-19”, Basel Committee on Banking Supervision, April, 2020,
          https://www.bis.org/bcbs/publ/d498.pdf
34
     “Basel Committee and IOSCO announce deferral of final implementation phases of the margin requirements for non-centrally
            cleared derivatives”, Bank for International Settlements, April 3, 2020, https://www.bis.org/press/p200403a.htm

                                                                   10
2020/04/03 IOSCO Issues Statement on Application of Accounting Standards during COVID-19 Outbreak35

On 3 April 2020, the International Organization of Securities Commissions (IOSCO) issued a statement on the application
of accounting standards during the COVID-19 outbreak. IOSCO’s statement stresses that “[t]he application of accounting
standards must result in issuers providing clear, reliable, transparent and useful information to allow investors to make
informed investment decisions”. The statement highlights in particular, the application of accounting for expected credit
losses (ECL) in accordance with the principles-based framework set out in IFRS 9 Financial Instruments, and the related
financial instruments principles-based disclosure requirements in IFRS Standards (i.e. IFRS 7, IAS 1).

2020/04/03 ICC Issues Guidance to the Trade Finance Market to Address COVID-19 Disruptions and Calls for Legal
Requirements for Paper-based Documentation to be lifted36

The International Chamber of Commerce (the ICC) has issued two guidance papers to help deal with trade finance market
disruptions caused by COVID-19:

ICC Guidance Paper on the Impact of COVID-19 on Trade Finance Transactions Issued Subject to ICC Rules, April 2020: 37this
paper provides technical guidance, practical advice and best practices on elements to consider in adapting ICC rules for
specific trade finance instruments in response to COVID-19. The paper reviews provisions from several ICC rules, namely
the Uniform Customs and Practice for Documentary Credits (UCP 600) and its eRules (eUCP 600 2.0), the Uniform Rules
for Demand Guarantees (URDG 758), the Uniform Rules for Collections (URC 522) and its eRules (eURC 522), the Uniform
Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR 725) and the Uniform Rules for Bank Payment
Obligations (URBPO 750).

ICC Memo to Governments and Central Banks on Essential Steps to Safeguard Trade Finance Operations, 6 April 2020: this
memo outlines the impact of public health interventions to tackle COVID-19 on the processing of paper-based trade
finance transactions, and calls on all governments to take emergency measures to void all existing legal requirements for
trade documentation to be in hard copy and to adopt the UNCITRAL Model Law on Electronic Transferable Records.

35
     “IOSCO Issues Statement on Application of Accounting Standards During COVID-19 Outbreak”, IOSCO.org, April 3, 2020,
           https://www.iosco.org/news/pdf/IOSCONEWS561.pdf
36
     “ICC Memo to Governments and Central Banks on Essential Steps to Safeguard Trade Finance Operations”, International Chamber
           of Commerce, April 6, 2020, https://iccwbo.org/content/uploads/sites/3/2020/04/icc-memo-on-essential-steps-to-
           safeguard-trade-finance-operations.pdf
37
     “ICC Issues Guidance to the Trade Finance Market to Address COVID-19 Disruptions and Calls for Legal Requirements for Paper-
            based Documentation to be Lifted, International Chamber of Commerce,
            https://iccwbo.org/content/uploads/sites/3/2020/04/2020-theimpactofcovid-19ontf.pdf

                                                                  11
APPENDIX 1 – U.S. STATE PENDING LEGISLATION COMPILATION
State         Bill Summary                                                                                                                            Status
Alabama       SJR 40 Urges individuals to fist bump rather than shake hands                                                                           Enacted
Alabama       HR 107 Urges the promotion, sharing and posting of practices to reduce the spread of infectious diseases                                Pending
Alabama       SR 49 Urges Congress to fund additional rental assistance due to coronavirus                                                            Adopted
Alabama       HJR 121 Urges the Governor to expand Medicaid coverage for new mothers in response to the current COVID-19 pandemic                     Pending
Alabama       HB 448 Relates to Medicaid; extends the postpartum coverage period for pregnant women eligible for Medicaid assistance in               Pending
              recognition, in part, of potential economic and health impacts of a COVID-19 outbreak
Alabama       HB 447 Relates to Medicaid; extends the program to provide assistance to certain state residents in recognition, in part, of            Pending
              potential economic and health impacts of a COVID-19 outbreak
Alabama       HB 186 Makes supplemental appropriations; includes an appropriation of $5,000,000 from the general fund to the Department of            Enacted
              Public Health to be used for coronavirus preparedness and response activities
Alaska        HB 205 An Act making appropriations for the operating and loan program expenses of state government and for certain programs;           Eligible for Governor
              appropriates $3.2 million to the city of Anchorage for response to COVID-19
Alaska        HB 206 Appropriates $4,091,100 from the general fund to the Department of Health and Social Services, division of public health,        Enacted
              emergency programs, for fiscal years 2020 and 2021 if the cost of responding to and mitigating the risk of a COVID-19 outbreak in
              the state exceeds the amount appropriated through federal receipts
Alaska        HCR 17 Suspends a specific rule of the Uniform Rules of the Alaska Legislature, in response to the COVID-19 pandemic                    Pending
Alaska        HB 308 Relates to unemployment benefits during a period of state or national emergency resulting from a novel coronavirus               Enacted
              disease (COVID-19) outbreak
Alaska        HB 234 Appropriates a sum of $8,500,000 to the Department of Commerce, Community, and Economic Development for payment                  Eligible for Governor
              to municipalities impacted by commercial passenger vessel operations for responding to and mitigating the risk of a COVID-19
              outbreak. Appropriates an amount not to exceed $15,000,000 from the general fund to the Department of Health and Social
              Services to respond and mitigate the risk of a COVID-19 outbreak.
Alaska        HB 310 Tolls deadlines for action by the Regulatory Commission of Alaska during the public health emergency declaration; relates        Pending
              to disconnection of utility service for nonpayment; relates to regulatory assets of a utility; relates to evictions; relates to
              foreclosures
Alaska        HB 311 Extends the governor’s declaration of a public health emergency                                                                  Pending
Alaska        HB 312 Relates to tolling deadlines for actions by state agencies; relates to income determinations for purposes of determining         Pending
              eligibility for certain public assistance programs; relates to forbearance from action against borrowers who owe money on state
              loans; relates to a temporary moratorium on certain mortgage foreclosures, certain evictions from rental properties, and
              disconnection of residential utilities
Alaska        SB 241 Extends the March 11, 2020, governor's declaration of a public health disaster emergency in response to the COVID-19             Eligible for Governor
              pandemic; relates to the powers of the director of insurance; relates to standing orders issued by the chief medical officer; relates
              to professional licensing; relates to telemedicine and telehealth; relates to board of nursing fingerprint requirements; relates to
              the 2020 primary and general elections; relates to permanent fund dividend applications
Alaska        SB 242 To mitigate economic harm during novel coronavirus disease outbreak, relates to tolling deadlines for actions by state           Pending
              agencies; income determinations for purposes of determining eligibility for certain public assistance programs; forbearance from

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action against borrowers who owe money on state loans; a temporary moratorium on certain mortgage foreclosures, certain
             evictions from rental properties, and disconnection of residential utilities
Alaska       SCR 14 Authorizes the House of Representatives and the Senate to recess for a period of more than three days                          Adopted
Alaska       HCR 20 Extends the governor’s declaration of public health disaster emergency, makes many other rule changes related to               Adopted
             financing the response and the role of appointed officials
Alaska       SB 2/HB 1001 Creates the COVID 19 Rainy Day Fund; transfers funds to the COVID 19 Rainy Day Fund; declares an emergency               Pending
Arizona      SB 1028 Revises provisions related to enhanced surveillance during a state of emergency. Includes an emerging health threat as        Pending
             an event the Governor may issue an enhanced surveillance advisory in response to.
Arizona      SB 1051 Relates to the Department of Health Services; appropriates $55 million from the budget stabilization fund to the public       Enacted
             health emergencies fund to pay the expenses of public health emergency responses following a state of emergency declaration by
             the Governor related to COVID-19
Arizona      SB 1687 Provides that during the state of emergency declaration period for coronavirus disease, the Department of Economic            Enacted
             Security shall provide an exemption from state time limits for TANF and a general waiver for work requirements under TANF;
             authorizes payments to providers of behavioral health services and providers to individuals with intellectual and development
             disabilities, the elderly, and the disabled
Arizona      HB 2910 Provides for procedures regarding public school closures related to the coronavirus disease 2019; appropriating funds         Enacted
Arizona      SB 1694 An emergency measure that permits the Arizona Department of Economic Security (DES) to establish an alternative               Enacted
             unemployment insurance (UI) benefit program for people impacted by the coronavirus disease (COVID-19)
Arizona      SB 1690 Appropriates $50 million from the general fund to a newly established Crisis Contingency and Safety Net Fund. The fund        Enacted
             will provide economic assistance for housing, the homeless, small businesses, and food bank operations during the coronavirus
             public health emergency.
Arkansas     HR 1001 Provides for a temporary emergency procedure of the House of Representatives of the Ninety-Second General Assembly            Adopted
Arkansas     SB 2/HB 1001 Creates a "COVID-19" Rainy Day Fund. Immediately transfers $173,610,632 from the General Allotment Reserve               Enacted
             Fund to the COVID-19 Rainy Day Fund to provide for appropriations to offset revenue reductions and address needs created by the
             coronavirus.
California   SB 89 Appropriates $500 million from the General Fund for purposes related to the COVID-19 Proclamation of Emergency. Allows          Enacted
             the appropriation to be increased in $50 million increments up to a total to not exceed $1 Billion.
California   SB 117 Appropriates $100 million for local education agencies to purchase protective equipment and supplies and labor related to      Enacted
             cleaning school sites
California   SB 939 Makes it unlawful to evict the tenant of a commercial property during the COVID-19 Emergency                                   Pending
California   SB 943 Authorizes wage replacement benefits to workers who take time off work to care for a minor child whose school has been         Pending
             closed due to the COVID-19 virus outbreak
California   SB 1088 Would require a city, county, or continuum of care to use at least 12% of specified homelessness prevention or support        Pending
             moneys for services for domestic violence survivors experiencing or at risk of homelessness. Addresses increase in domestic
             violence incidents as a result of the state’s shelter-in-place order.
California   SB 1276 Eliminates the requirement for local domestic violence centers to provide cash or in-kind matches for funds they receive      Pending
             from non-state sources, in response to funds received from federal, COVID-19 stimulus
California   SB 1322 Authorizes a notary public to apply for registration with the Secretary of State to be a remote online notary public, while   Pending
             promoting physical distancing during the COVID-19 outbreak, so long as there is a declaration of a state emergency by the
             Governor related to the COVID-19 virus
California   AB 3216 Requires certain workforce protections related to family and medical leave due to the coronavirus                             Pending
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Colorado      HJR 1006 Concerns a request to the Supreme Court of the state of Colorado to render its opinion upon a question regarding the        Adopted
              length of legislative session outlined in the state Constitution
District of   B 718 To provide, on an emergency basis, authority to the Executive and to address critical needs of District residents and          Enacted
Columbia      businesses during the current public health emergency including wage replacement, business relief, and additional authorities and
              exemptions regarding health, public safety and consumer protection
District of   B 719 To provide, on a temporary basis, authority to the Executive and to address critical needs of District residents and           Pending
Columbia      businesses during the current public health emergency including wage replacement, business relief, and additional authorities and
              exemptions regarding health, public safety and consumer protection
District of   R 772 To declare the existence of an emergency with respect to the need to provide authority to the Executive and to address         Adopted
Columbia      critical needs of District residents and businesses during the current public health emergency
Florida       SR 1934 Declares the Florida State University Seminoles basketball team, by virtue of tremendous skill on the court and the heart    Adopted
              and spirit shown by the players and coaches this basketball season, the 2020 NCAA basketball champions by default upon
              cancellation of the NCAA tournament due to concerns raised by the spread of the novel coronavirus COVID-19
Florida       HB 5001 Relates to General Appropriations Act; appropriates $27,296,000 from the Federal Grants Trust Fund to the Department         Eligible for Governor
              of Health to spend federal dollars approved in the Coronavirus Preparedness and Response Supplemental Appropriations Act,
              2020; appropriates $25,150,000 from the General Revenue Fund to the Department of health to address the coronavirus outbreak
Georgia       SR 5 Concurs with Governor Brian P. Kemp's Executive Order declaring a public health state of emergency.                             Adopted
Georgia       HB 792 Transfers $100 million from the Revenue Shortfall Reserve to combat the spread of the coronavirus                             Enacted
Guam          B 319 An act to add a new § 26202.2 to article 2 of chapter 26, title 11, Guam code annotated; to add a new § 26203(k)(38) and a     Pending
              new § 26203(k)(39) to chapter 26, title 11, Guam code annotated; to add a new § 28106(i) and a new § 28106(j) to chapter 26, title
              11, Guam code annotated; to create the income tax refund deposit fund and making appropriations thereto; to authorize
              temporary reductions in the levelized energy adjustment clause (LEAC) rates; and, to provide additional support to the marianas
              regional fusion center; all relative to providing immediate economic relief to families and businesses affected by the COVID‐19
              pandemic
Guam          B 322 An act to amend § 50102 and § 50105 of chapter 50, title 11, Guam code annotated, relative to authorizing I Maga’Hågan         Pending
              Guåhan to issue direct payments to assist families during the COVID‐19 pandemic
Guam          B 323 An act to amend § 26203.2 of article 2, chapter 26, title 11, Guam code annotated, relative to providing limited exemptions    Pending
              to small businesses under the “Dave Santos Small Business Enhancement Act” to mitigate impacts resulting from the COVID‐19
              pandemic
Guam          B 326 An act to add a new section § 32120.1 division 2 chapter 32 of title 10, Guam code annotated, and add a new section 63507      Pending
              article 5 chapter 63 of title 10, Guam code annotated, relative to specifying hazard pay recipients in light of the COVID‐
              19 pandemic.
Guam          B 333 An act relative to the rapid and transparent implementation of federal and local assistance programs related to COVID‐19       Pending
Guam          B 336 An act to direct the expedited procurement of critical medical supplies to save lives on Guam during the COVID‐19              Pending
              pandemic through the amendment of §19803 of chapter 19, title 10, Guam code annotated
Hawaii        HB 2459 Requires the department of health to conduct a study relating to the development and disbursement of vaccinations for        Pending
              modern disease outbreaks and procedures associated with medically authorized exemptions from mandatory vaccinations. Allows
              the department of health to partner with federal partners or universities to conduct relevant research for this study. Requires a
              report to the legislature.
Hawaii        HB 1629 Makes appropriations from the general revenues of the State to support the Department of Health and the Department           Pending
              of Defense activities to detect, contain, mitigate, and respond to the coronavirus, or COVID-19
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Hawaii     SB 75 Appropriates a sum of $10.5 million out of the general revenues for fiscal year 2019 to the Department of Health,               Pending
           Department of Transportation, and the Department of Defense for the public health response to the Coronavirus Disease 2019, or
           COVID-19, outbreak. Authorizes the governor to approve transfer of these appropriated funds between agencies of the state, as
           necessary
Hawaii     HCR 74 & HR 57 Requests the Department of Health to prioritize the containment and control of COVID-19 to those with a high           Pending
           probability of contracting and dying from the virus, such as the residents of care homes, nursing homes, and adult foster homes,
           their caregivers, and people with known comorbid medical conditions
Hawaii     HR 64 Urges all commercial airlines operating in Hawaii to thoroughly clean and disinfect their aircraft between flights to prevent   Pending
           the spread of illnesses and diseases, including COVID-19
Hawaii     HR 54 Establishes the select house committee on COVID-19 economic and financial preparedness                                          Adopted
Hawaii     SCR 152 Urges state and private health care networks to allow sick employees to take time off without fear of retaliation or          Pending
           retribution in light of COVID-19
Hawaii     HCR 127 Urges the President of the United States, United States Congress, United States Department of Health and Human                Pending
           Services, and United States Centers for Disease Control and Prevention to fully support Hawaii in the screening, prevention and
           containment of Covid-19
Hawaii     HR 171 Strongly urging the Governor of the state of Hawaii to take additional precautions to prevent a coronavirus outbreak in        Pending
           Hawaii
Hawaii     SR 166 Requests all executive branch departments and agencies to inform the Hawaii Senate and House of Representatives when           Adopted
           implementing their plans and procedures relating to the COVID-19 pandemic
Hawaii     SR 146 Urges the Governor to create a color-coded advisory system to address the rapidly changing threat of COVID-19                  Adopted
Hawaii     SCR 242 Relates to the recess of the thirtieth Legislature, regular session of 2020                                                   Pending
Iowa       SB 2408 Relating to state and local finances by making and supplementing appropriations. Waives the instructional time                Enacted
           requirement for schools that close in order to prevent or contain the spread of COVID-19.
Illinois   HB 5607 Amends the Department of Public Health Powers and Duties Law of the Civil Administrative Code. Requires the                   Pending
           Department of Public Health to conduct a study, subject to appropriations, of the state's disease response preparedness, in
           particular studying the state's preparedness against the coronavirus. At the request of the Department, requires other state
           agencies, in particular the Emergency Management Agency, to support the Department's efforts.
Kansas     SB 66 Appropriates $50 million from the general fund to provide for the state's response to the Coronavirus pandemic                  Enacted
Kansas     SB 386 Appropriates $1 million to the Division of Public Health for coronavirus prevention                                            Pending
Kansas     HCR 5025 Ratifies and provides the continuation of the March 12, 2020, state of disaster emergency declaration for the state of       Adopted
           Kansas
Kentucky   SB 150 In response to the coronavirus public health emergency, waives various professional and business licensing fees; provides      Enacted
           for unemployment benefits; provides for the Coronavirus Hotline
Kentucky   SB 177 Relates to education and declaring an emergency; allows a school district to request approval for additional student           Enacted
           attendance days under an emergency nontraditional instruction plan when the district is closed due to the state of emergency
           declared by the Governor related to COVID-19
Kentucky   SB 282 Requires employers to provide accrued paid sick leave to employees. Provides mechanism for employees to accrue paid            Pending
           sick leave; establishes guidelines for employers to calculate paid sick leave for employees; sets forth manner in which paid sick
           leave can be used; creates a civil penalty for violation of provisions.

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Kentucky    HB 356 Makes appropriations for the operations, maintenance, support, and functioning of the Judicial Branch of the government        Eligible for Governor
            of the Commonwealth of Kentucky; authorizes, for the during of a state of emergency, the Chief Justice to declare a judicial
            emergency to protect the health and safety of court employees, elected officials and the general public, and to extend any
            statutory timelines and statutes of limitations for court filings
Kentucky    HB 449 Provides definitions of terms related to disaster or emergency-related work; exempts disaster response employees and           Pending
            disaster response businesses from income tax beginning on or after January 1, 2020, and before January 1, 2024; exempts disaster
            response businesses beginning on or after January 1, 2020, and before January 1, 2024; excludes the income of a disaster response
            employee and a disaster response business from local tax; excludes a disaster response business from certain permit requirements
Kentucky    SJR 246 Directs the Cabinet for Health and Family Services to assess Kentucky's preparedness to address the coronavirus and           Pending
            report to the General Assembly
Kentucky    SR 296 A resolution honoring the teachers, classified employees, bus drivers, janitorial/custodial staff, and other individuals who   Adopted
            are delivering meals to Kentucky's students while schools are closed due to the coronavirus pandemic
Louisiana   SCR 22 Requests the State Board Elementary and Secondary Education to suspend statewide standardized assessments for the              Pending
            2019-2020 school year due to COVID-19
Louisiana   SCR 31 Requests the Department of Economic Development and the Department of Revenue to develop an incentive package that             Pending
            will make Louisiana the domestic prescription drug manufacturing leader for the United States
Louisiana   SCR 33 Temporarily suspends video draw poker device operation fees due to mandatory closure of establishments in response to          Pending
            coronavirus pandemic
Louisiana   HR 20 Urges and requests Attorney General Jeff Landry to ensure a swift, effective, and unified response to price gouging             Pending
Louisiana   HCR 22 Urges and requests the Public Service Commission to temporarily prohibit energy and water companies from                       Pending
            disconnecting services
Louisiana   HCR 23 Suspends laws regarding legal deadlines, including prescription and preemption, in recognition of the effects of the COVID-    Pending
            19 outbreak
Louisiana   HCR 25 Provides for the suspension of all civil prescriptive, preemptive, filing, and other deadlines in response to the COVID-19     Pending
            Public Health Emergency declared by the Governor
Louisiana   HCR 27 Provides consent for the adjournment of the 2020 Regular Session of the Legislature for a period longer than three days to     Adopted
            minimize the spread of COVID-19
Louisiana   HCR 34 Suspends the severance taxes levied on oil, natural gas, distillate and condensate                                             Pending
Louisiana   HCR 39 Temporarily suspends the payment of video draw poker device operation fees due to the closure of licensed                      Pending
            establishments as a result of Coronavirus disease
Louisiana   HCR 40 Directs the Department of Revenue to develop data on the projected impact the coronavirus pandemic will have on state          Pending
            business revenue and on net operating loss carry forward tax deductions for future tax filings
Louisiana   HCR 43 Suspends the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain       Pending
            business entities subject to the corporation franchise tax in an effort to mitigate some financial losses suffered by businesses
Louisiana   SB 426 Requires health insurance coverage for COVID-19 diagnostic testing                                                             Pending
Louisiana   SB 445 Provides relative to limitation of civil liability for medical personnel and healthcare providers during public health         Pending
            emergency
Louisiana   SB 449 Requires reporting of contagious or infectious diseases to first responders                                                    Pending
Louisiana   SB 450 Exempts from seizure payments received under federal law coronavirus relief                                                    Pending

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Louisiana   SB 469 Provides relative to professional and occupational licensing boards and commissions during declared emergencies                 Pending

Louisiana   SB 475 Provides relative to workers' compensation claims filed by essential workers in the workplace                                   Pending
Louisiana   SB 477 Provides relative to business interruption insurance                                                                            Pending
Louisiana   SB 481 Provides for suspension of certain laws pertaining to elementary and secondary education for students impacted due to           Pending
            the coronavirus public health emergency
Louisiana   SB 495 Creates a private fund, called the Business Compensation Fund, to expedite certain property insurance claims, resolve           Pending
            disputes, and provide coverage for losses sustained as a result of the COVID-19 pandemic. Provides for contributions to and
            disbursements from the fund.
Louisiana   SB 499 Provides relative to the regulation of business entities during a public health emergency                                       Pending
Louisiana   SB 500 Relative to state agencies; to provide relative to the administration and regulation of state agencies during an emergency;     Pending
            to provide for terms, conditions, procedures, requirements, and effects; and to provide for related matters
Louisiana   SB 506 Requires property insurance policies insuring commercial and residential buildings to cover cost of disinfecting fumigation     Pending
Louisiana   SB 511 Suspends certain legal requirements as a result of emergency health measures relative to the coronavirus                        Pending
Louisiana   HB 774 Relative to post-emergency public procurement following COVID-19; to require purchases from Louisiana vendors in                Pending
            certain circumstances; to provide time limits; to provide exceptions; and to provide for related matters
Louisiana   HB 805 Relative to the effect of obligations during certain emergencies and disasters; to provide for the suspension of prescription   Pending
            and preemptive periods and other legal deadlines; and to provide for related matters
Louisiana   HB 826 Provides limited liability for healthcare providers, certain real estate owners, and certain private persons, firms, or         Pending
            corporations during the COVID-19 public health emergency
Louisiana   HB 851 Provides for the use of federal funds appropriated to Louisiana through the Coronavirus Aid, Relief, and Economic Security      Pending
            Act for workforce training; to provide for the appropriation, administration, and use of the Workforce Training Rapid Response
            Fund; and to provide for related matters
Louisiana   HB 858 Requires coverage for business interruption claims due to coronavirus disease 2019; provides for the scope of coverage;         Pending
            provides for applicability; provides for retroactive application; provides for effectiveness; and provides for related matters
Louisiana   HB 862 Provides for the Coronavirus Business Recovery and Growth Program                                                               Pending
Louisiana   HB 868 Provides relative to the continuity of the legislature in times of emergency or disaster                                        Pending
Maine       HB 1547 Permits the State Controller to transfer up to $11 million from the Reserve for General Fund Operating Capital to a            Enacted
            COVID-19 response refund to address funding needs related to the novel coronavirus
Maine       HB 1549 Requires a postsecondary educational institution in the State that temporarily suspends classes and requires students,         Pending
            staff and faculty to remain of campus due to an infectious disease, including COVID-19 to take certain actions around student
            reimbursement, faculty compensation and allowing students to remain on campus
Maine       SB 676 Directs the Department of Health and Human Services to amend certain rules to provide for reimbursement of case                 Enacted
            management services delivered through telehealth to targeted populations; makes other changes necessary for the delivery of
            telehealth services to be expanded to include case management services
Maine       SB 789 Provides the Governor, on a temporary basis, with additional powers for the duration of the state of emergency declared         Enacted
            by the Governor due to the outbreak of COVID-19
Maine       HB 1516 Makes supplemental appropriations and allocations for the expenditures of the general fund; includes one-time funding          Enacted
            to respond to COVID-19

                                                                                17
Massachusetts   HB 4502 Appropriates $95,000 for the Executive Office of Education to contain, treat and prevent the coronavirus. This bill              Enacted
                requires a report to the legislature by June 1, 2020, with recommendations if additional funds and action are needed.

Massachusetts   HB 4561 Makes appropriations for the fiscal year 2020 to provide for supplementing certain existing appropriations and for other         Enacted
                activities and projects. Includes a reserve of $15,000,000 to support the commonwealth’s monitoring, treatment, containment,
                public awareness and prevention efforts against COVID-19.
Massachusetts   HB 4580 Addresses challenges in town governance resulting from COVID-19                                                                  Pending
Massachusetts   HB 4586 Addresses challenges faced by municipalities, school districts and state authorities resulting from COVID-19                     Pending
Massachusetts   HB 4593 Facilitates the delay of income tax filing deadline                                                                              Pending
Massachusetts   HB 4598 Addresses challenges faced by municipalities and state authorities resulting from COVID-19 related to town meetings,             Enacted
                annual budgets, deficit amortization, local permits, the authority of the chief executive officer of a city or town, the temporary
                employment of a former or retired employee, and to allow certain licensed establishments to sell alcoholic beverages for off-
                premises consumption
Massachusetts   HB 4611 Relative to creating a presumption of job relatedness for certain public safety personnel and first responders suffering         Pending
                from incapacitation or inability to perform their duties as a result of the Coronavirus (COVID-19) infection or exposure
Massachusetts   HB 4615 Provides for a moratorium on evictions and foreclosures during the coronavirus Emergency                                         Pending
Massachusetts   HB 4616 Addresses challenges faced by municipalities, school districts and state authorities resulting from COVID-19 related to          Pending
                supportive housing, collection of taxes and fees, high school graduation, standardized testing, school budgets and 3-year plans
Massachusetts   SB 2599 Authorizes waiver of the one week waiting period for unemployment benefits                                                       Enacted
Massachusetts   SB 2602 Provides any public safety official and 1st responder, who contracts, has symptoms of, or otherwise becomes affected by          Pending
                the Coronavirus (COVID-19), that results in a period of hospitalization, quarantine, or require self-quarantined measures as a result
                of being infected or coming into contact with someone who is infected with this virus, shall have their medical condition or
                incapacity to work presumed to be work-related. Public safety official shall not be required to use sick time, vacation time, or
                personal time to cover said period of incapacitation or inability to perform regular duty work.
Massachusetts   SB 2608 Grants the authority to postpone 2020 municipal elections in the commonwealth and increase voting options in response            Enacted
                to the declaration of emergency to respond to COVID-19
Massachusetts   SB 2618 An Act providing additional support to those affected by the novel coronavirus through the unemployment insurance                Pending
                system
Massachusetts   SB 2621 An Act providing temporary protections for renters and homeowners during the COVID-19 emergency                                  Pending
Maryland        SB 1079 Allows the Governor to transfer by budget amendment up to $50,000,000 from the Revenue Stabilization Account to fund             Enacted
                costs associated with the coronavirus. Requires the Governor to provide the Legislative Policy Committee with at least 7 days for
                review and comment before transferring funds from the Account.
Maryland        SB 1080/HB 1663 Authorizes the Governor to take certain actions in a state of emergency, including prohibiting cost-sharing by           Enacted
                carriers for disease testing, immunization and any associated costs; retailers from increasing the sale or rental price of any good or
                service by more than 10%; and employers from terminating quarantined or isolated employees
Maryland        HB 732 Relates to annual gross revenues derived from digital advertising services; provides that the sales and use tobacco tax           Eligible for Governor
                collected in fiscal year 2021 will be distributed, in part, to expenditure accounts of State government to fund costs associated with
                COVID-19
Maryland        HB 932 Relates to sales and use tax revenue; provides that the sales and use tax collected in fiscal year 2021 on the sale or use of a   Eligible for Governor
                digital product or code will be distributed, in part, to expenditure accounts of State government to fund costs associated with
                COVID-19
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