Bernie Buzz

Millions of Americans’ economic security is being threatened due to this crisis. During this difficult time no one should have to worry about going into default or making additional sacrifices to make their student loan payments. The federal emergency relief bill (the CARES Act) suspends payments and interest accrual for federal student loans through September 30th.

While the federal stimulus law (the CARES Act) contains a number of provisions to keep families in their homes and help them pay rent, it does not go nearly far enough. The law puts a moratorium on foreclosures and evictions while also providing mortgage forbearance for homeowners with federally-backed mortgages. It also includes a moratorium on evictions for properties receiving any federal assistance. However, this does not provide relief for millions of Americans.

This is an unprecedented moment in American history. We must face this crisis courageously and compassionately. My office is here — know that we are doing everything we can to fight for you and to be responsive. We have compiled the following resources for Vermonters during this difficult time — I hope you find this information helpful. Do not hesitate to contact my office with questions or concerns. We’re all in this together.

As we all do our part to stay home to stop the spread of this disease, many businesses are struggling. They are forced to significantly change their operations or shut their doors completely during this crisis. The federal stimulus law provides relief to small businesses and nonprofits so that they may reopen their doors to the public when it is safe to do so. In Vermont, 96% of businesses are classified as small businesses, employing over 155,000 Vermonters in good-paying jobs. I know many in Vermont will agree that our small businesses support and sustain our communities — it is critically important that the federal government step up to support them.

The federal stimulus package was far from perfect. We must go much further — and I am fighting hard to make sure we do just that in the next round of federal assistance. But I’m proud that we succeeded in getting relief to the working families in this country who have just lost their jobs or seen reduced hours due to the COVID-19 crisis. The stimulus law will provide real help to millions — but we must make sure that we effectively implement its many programs and get the benefits in the hands of those who need it as quickly as possible.

I am holding a telephone town hall tonight with Governor Scott, Sen. Leahy, and Rep. Welch to discuss what’s being done on the state and federal level to combat this pandemic, and the necessary next steps to ensure we are helping Vermonters throughout this crisis.