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US Rep. David Rouzer COVID-19 update 4/13/20 Story Date: 4/14/2020
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Source: US Rep. David Rouzer (NC-7th), 4/13/20
- As I mentioned last week, the Federal
Reserve announced the establishment of the Main Street Business Lending
Facility to help mid-size businesses that have
more than 500 employees and therefore are ineligible to participate in the
PPP. More information about the program is available from the House Financial Services Committee here.
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- The
Treasury Department and the IRS will be launching a "Get
My Payment" web app this week, a free app that
will be available at IRS.Gov. It will enable taxpayers who
filed their tax return in 2018 or 2019, but did not provide their banking
information on their return, to submit direct deposit information.
This means taxpayers can get their CARES Act stimulus payments in their
bank accounts quickly, instead of having to wait for a check to come in
the mail. More information about the app is available here and I'll
be sure to link to it in a future update when it goes online.
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