The memorandum states that the federal government will pay for 75% (or $300 worth) of the weekly payouts from FEMA’s Disaster Relief Fund, and the remaining 25% (or $100) will be provided by states to “provide temporary enhanced financial support to those whose jobs or wages have been adversely affected by COVID-19.” Under this aspect of the executive order, unemployed Americans would receive a weekly $400 check of supplemental unemployment funds instead of the original $600 federal unemployment boost that was part of the original CARES Act that expired in July.
Related: National Restaurant Association sends ‘Blueprint for Restaurant Revival’ to Congress Here is a breakdown of what the President’s executive order and three memoranda could mean for Americans if they go into effect:Įxtending supplemental unemployment benefits Related: Restaurant executives press Paycheck Protection Program term extension with Trump The move comes after negotiations over the next round of stimulous failed last week and the July 31 deadline marking the end of the $600 enhanced unemployment benefits under the CARES Act came and went. President Trump on Saturday signed an executive order and three memoranda meant to provide immediate financial aid to those struggling during the ongoing pandemic crisis, including additional assistance for unemployed Americans, renters and homeowners, as well as deferral of payroll taxes and student loans.
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