The Aluminum Recyclers Council (ARC) is committed to providing our members with the resources and services they need to manage their businesses through the issues surrounding the novel Coronavirus (COVID-19) pandemic. ARC will continue to monitor the situation and its impact to the industry.
Below are resources and information that can be used to help inform customers, legislators and others.
Advisory Memorandum on Identification of Essential Critical Infrastructure Workers During COVID-19 Response
As the Nation comes together to slow the spread of COVID-19, on March 16th the President issued updated Coronavirus Guidance for America that highlighted the importance of the critical infrastructure workforce.
Special Loan Programs
The following resources cover important information about available government and small business disaster funding programs.
SBA Economic Injury Disaster Loans (EIDL)
- This loan program is available via the Small Business Administration (SBA) for small business – in most cases businesses with less than 500 employees.
Paycheck Protection Program (PPP)
- Under the CARES act, the Small Business Administration (SBA) has loan funds that may be forgiven under the Paycheck Protection Program (PPP).
Paycheck Protection Program (PPP) Information Sheet
- The Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.
COVID-19 Disaster Funding for Government Contractors
- The stimulus bill provides disaster funding for several small businesses with less than 500 employees. There are several smaller extruders who likely qualify.
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
COVID-19 Useful Links
IRS Provides New Guidance on Family Leave and Tax Credits
- Guidance on tax credits authorized in the "phase two" COVID-19 bill to help small businesses offset the cost of new paid leave requirements.
Coronavirus (COVID-19) Website
- CDC | White House | U.S. Department of Health & Human Services
How to prepare and protect yourself & What to do if you think you are sick
Families First Coronavirus Response Act: Questions and Answers
- As provided under the legislation, the U.S. Department of Labor will be issuing implementing regulations. Additionally, as warranted, the Department will continue to provide compliance assistance to employers and employees on their responsibilities and rights under the FFCRA.
COVID-19 State Resources
- View COVID-19 state and regional resources.
Guidance on the Essential Critical Infrastructure Workforce
- As the Nation comes together to slow the spread of COVID-19, on March 16th, the President issued updated Coronavirus Guidance for America.
Providing Expanded Family and Medical Leave to Employees Affected by COVID-19
- On March 18, 2020, the President signed into law the Families First Coronavirus Response Act (FFCRA), requiring certain employers to provide employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19.
What's in the $2.2 trillion coronavirus Senate stimulus package
- The bill is aimed primarily at addressing the economic calamity that's unfolding because of shutdowns intended to slow the spread of the outbreak, with analysts making dire predictions about soaring unemployment claims and economic contraction.
H.R. 748 Final Bill
- Providing emergency assistance and health care response for individuals, families and businesses affected by the coronavirus pandemic.
COVID-19: Impact & Implementation Survey Executive Summary
- More than 2,500 respondents from 25 client sectors and professions participated in the survey.
Agreement Between the White House and Senate Leaders on Stimulus!
The White House and Senate leaders reached a deal early Wednesday, March 26th on a massive stimulus package that they hope will keep the nation from falling into a deep recession because of the Coronavirus crisis.
The revamped Senate proposal will inject approximately $2 trillion into the economy, providing tax rebates, four months expanded unemployment benefits and a slew of business tax-relief provisions aimed at shoring up individual, family and business finances.
The deal includes, but is not limited to:
- Big Businesses: About $500 billion can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments.
- Small Businesses: More than $350 billion to aid small businesses.
- Hospitals: A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
- Individuals: Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child. Senate Minority Leader Chuck Schumer said checks would be cut April 6.
- Unemployed: Unemployment insurance extension to four months, bolstered by $600 weekly. Eligibility would be expanded to cover more workers.
- Education: $30 billion in emergency education funding
- Transit: $25 billion in emergency transit funding
- Tax Credit: Creates an employee retention tax credit to incentivize businesses to keep workers on payroll during the crisis.
- Restrictions on Business Aid: Any company receiving a government loan would be subject to a ban on stock buybacks through the term of the loan plus one additional year. They also would have to limit executive bonuses and take steps to protect workers.
- Transparency: The Treasury Department would have to disclose the terms of loans or other aid to companies, and a new Treasury inspector general would oversee the lending program.
- Democrats won language that would bar any business owned by President Donald Trump or his family from getting loans from Treasury. Businesses owned by members of Congress, heads of executive departments and Vice President Mike Pence also would be blocked.