The United States Congress has passed, and continues to consider, legislative measures that, in addition to addressing the public health crisis, include massive fiscal stimulus proposals not seen since the 2008 global financial crisis. Recent legislation has also had provisions of specific importance to US financial institutions as well as non-US financial institutions with US operations.

Paycheck Protection Program and Health Care Enhancement Act (Interim Relief Bill) -

- Became law on April 24, 2020.

- Provides $484 billion in emergency funding for small businesses, hospitals and testing, including $321 billion for the Paycheck Protection Program (PPP). The bill also increases the authorization level for the PPP by $310 billion...