March 25, 2020 - Early this morning, the U.S. Senate announced a bipartisan agreement on Phase III legislation responding to the coronavirus pandemic and effects on the economy.

The legislation includes two parts: relief to individuals, businesses including significant financial assistance to small business, states, cities, hospitals, among others.  Secondly, it includes additional funding for federal agencies.

Summaries of two parts may be found here and here.  Legislative text is not yet available.

NMA will provide an additional memorandum later today with legislative text and outline key provisions of interest to its members.