On March 26, the “Phase 3,” $2 trillion stimulus/COVID-19 response legislation advanced in the Senate, and we feel confident, notwithstanding procedural obstacles that will be overcome, that this legislation will move in the House and be signed into law.

We hope you are following our daily updates with intelligence on all things related to regulations and policy impacting the commercial insurance brokerage industry regarding the pandemic crisis. Our legal team at Steptoe & Johnson is evaluating all of the provisions of this legislation, and we will all do everything we can to unpack the provisions of this $2 trillion plan for you and your clients. And we will keep you fully informed of our efforts to assist you and your clients of our efforts to address the liquidity crisis impacting all.