{"@context":"https://schema.org","@type":"Legislation","name":"RECOVERY Act","description":"

Reinvigorating the Economy, Creating Opportunity for every Vocation, Employer, Retiree & Youth Act or the RECOVERY Act

This bill revises provisions in the tax code; modifies the liability of employers, public officials, and other entities; makes various changes to help schools, employers, and industries respond to COVID-19 (i.e. coronavirus disease 2019); and otherwise addresses economic growth. It also modifies congressional oversight of regulations, including by requiring approval for certain rules.

Among other things, the bill establishes and expands various tax credits, deductions, and exclusions from income for individuals and businesses and temporarily suspends payroll taxes.

Additionally, the bill limits the liability, under some conditions, of employers, health care providers, and other entities for COVID-19 exposures. It also imposes liability on public officials with authority to direct law enforcement agencies for losses that occur in areas that a law enforcement agency has been instructed not to access during riots.

Furthermore, it revises multiple COVID-19 response activities, including by restricting eligibility for unemployment compensation, extending particular business loans and payroll support programs, and establishing sunset dates for spending COVID-19 funds. Additionally, the bill requires the Department of Education to use a specified percentage of COVID-19 funds to support certain scholarship-granting organizations.

It also establishes an alternate approval process for coronavirus drugs and other medical products approved for sale in another country; expands interstate telehealth access; and makes other changes to health insurance plans, health savings accounts, and retirement accounts.

The bill also creates tax incentives and other programs to support mining, petroleum, pharmaceutical, aviation, and other industries.

","legislationIdentifier":"S 4537","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"Ted Cruz","url":"https://legisdaily.com/mp/ted-cruz-us"}],"about":{"@type":"Thing","name":"Health"},"keywords":"Academic performance and assessments, Administrative law and regulatory procedures, Advanced technology and technological innovations, American Samoa, Appropriations, Bank accounts, deposits, capital, Business investment and capital, Cardiovascular and respiratory health, Civil actions and liability, Competition and antitrust, Competitiveness, trade promotion, trade deficits, Computers and information technology, Congressional operations and organization, Congressional oversight, Corporate finance and management, Department of Energy, Disability assistance, Disaster relief and insurance, Drug safety, medical device, and laboratory regulation, Economic performance and conditions, Education programs funding, Elementary and secondary education, Emergency medical services and trauma care, Employment taxes, Energy storage, supplies, demand, Evidence and witnesses, Executive agency funding and structure, Federal district courts, Federal-Indian relations, Federal preemption, Government information and archives, Government lending and loan guarantees, Government trust funds, Guam, Health care costs and insurance, Health care coverage and access, Health care quality, Health information and medical records, Health personnel, Health programs administration and funding, Health promotion and preventive care, Health technology, devices, supplies, Higher education, Home and outpatient care, Hospital care, Immunology and vaccination, Income tax credits, Income tax deductions, Income tax exclusion, Indian social and development programs, Industrial policy and productivity, Infectious and parasitic diseases, Inflation and prices, Interest, dividends, interest rates, Intergovernmental relations, International organizations and cooperation, Israel, Judicial procedure and administration, Judicial review and appeals, Jurisdiction and venue, Legal fees and court costs, Legislative rules and procedure, Medical tests and diagnostic methods, Medicare, Middle East, Minority education, Northern Mariana Islands, Oil and gas, Product safety and quality, Religion, Self-employed, Small business, Social security and elderly assistance, Social work, volunteer service, charitable organizations, Special education, State and local finance, State and local government operations, State and local taxation, Strategic materials and reserves, Student aid and college costs, Teaching, teachers, curricula, Unemployment, U.S. territories and protectorates, Virgin Islands, Worker safety and health","dateModified":"2025-01-03T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-116-S-4537"}

Ted Cruz

Finance Committee

Ted Cruz

Finance Committee