House Passes the Updated HEROES Act

The House has passed the updated HEROES Act by a vote of 214 to 207. The partisan bill is not expected to be considered by the Senate. 

• The text of the revised version of The Heroes Act as introduced is here.
• A one-pager on the legislation as introduced is here.
• A section-by-section summary of the legislation as introduced is here.
• Additional information on the state and local relief provisions of the legislation as introduced is here.

Negotiations between Speaker Pelosi and Treasury Secretary Mnuchin are expected to continue. However, both have acknowledged significant differences.   

NAIFA continues to advocate for provisions to assist families with life, health and retirement planning to achieve financial security in COVID proposals. Most in DC are pessimistic about chances for a bipartisan agreement this week, or even before the election.