Following final passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act by the U.S. House of Representatives, CLA was one of 45 signers on a letter sent today urging United States Department of Agriculture (USDA) Secretary Sonny Perdue to “take immediate action to provide much-needed relief to cattle producers who have been negatively impacted due to the ongoing Coronavirus Disease (COVID-19) pandemic.”
The CARES Act was passed this afternoon by the U.S. House of Representatives on a voice vote. The Senate passed companion legislation earlier this week and the bill now goes to the White House for President Trump’s signature. Once enacted, the bill will replenish USDA’s Commodity Credit Corporation borrowing authority at the $30 billion level. Those funds can then be used to offset adverse economic effects related to COVID-19 for cattle producers across the supply chain.