HOUSE and SENATE
The House was in recess this week and is scheduled to return next week.
ED published guidance on reporting requirements for institutions of higher education receiving CARES Act funding for emergency financial aid grants to students.
The Internal Revenue Service (IRS) published guidance detailing that emergency student grant aid under the CARES Act is not considered taxable income.
Penn Hill Group plans to provide clients with summaries of the following events next week:
- May 12: Senate Health, Education, Labor and Pensions Committee hearing on “COVID-19: Safely Getting Back to Work and Back to School”
- May 13: Senate Commerce, Science and Transportation Committee hearing on “The State of Broadband Amid the COVID-19 Pandemic”
Penn Hill Group provides a list of grant opportunities and summaries for select grants. Please visit our website for more information.