Compilation* of COVID-19 Legislation & Government Updates April 7, 2020
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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 12
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 13
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 14
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. 15
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 16
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 18
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