Coronavirus Relief Budget Reconciliation Package -- State and Local Assistance Funding Limitations

Romney, R-Utah, amendment no. 1364 to the Schumer, D-N.Y., substitute amendment no. 891 to the bill that would modify the funding formula for payments from the COVID-19 state fiscal recovery fund to limit the amounts distributed to necessary expenditures incurred by the state between March 1, 2020, and March 31, 2021, due to the COVID-19 public health emergency. It would also prevent payments from exceeding the amount by which tax revenue exceeds the total amount of revenue collected by the state in the second, third and fourth quarters of 2020.