Posted: March 16th, 2022

The COVID-19 pandemic has seen numerous changes within the government, leading to numerous health-related amendments

Evidence Base in Design

The COVID-19 pandemic has seen numerous changes within the government, leading to numerous health-related amendments aimed at providing grounds on which the healthcare system and the country, in general, can defeat the virus and its effects. Some of the most recent proposed health policies include the COVID-19 Bankruptcy Relief Extension Act 2021, a bipartisan bill introduced to the House of Representative Committee on eighth march 2021 by senators Dick Durbin and Chunky Grassley. The bill’s primary focus was to temporarily extend the provisions of the COVID-19 Bankruptcy Relief found in the Coronavirus Aid Relief and Economic Security Act (CARES Act), which was set to lapse on March 27, 2021, to the same date in 2022 (House Committee on the Judiciary, 2021). This policy’s primary intent is to ensure families and small businesses continue benefiting from the financial reliefs provided by the government to people who ran bankrupt due to the effects of the pandemic either on their businesses or daily livelihood.

House Speaker Senator Nadler passed this new policy as amended, suspended all the rules governing policy amendments, and passed the bill due to its urgency and essence on the economy and the people’s lives. The pandemic has seen several families and small business owners run bankrupt, prompting legislatures to find a quick and substantive solution to ensure the economy remains stable during this crisis and citizens do not suffer further from the pandemic’s effects (JDSUPRA, 2021). The CARES Act, which provided financial assistance to people whose income sources were affected by the pandemic, was set to expire in March this year, which would leave several people economically struggling, risking increased exposure to the virus. This new policy thus aims to ensure this group of people continue to access the CARES Act’s financial benefits, which provides critical financial aid to prevent people from unnecessary exposure. The proposed bill ensures the people’s safety by ensuring they continue to access increased debt threshold to manage their daily activities and keep their businesses running. This proposed bill was enacted into public law on March 27, 2021, to allow continued financial access to support people’s daily livelihoods by ensuring they have all the supplies they need to stay safe during this pandemic, and also set grounds to ensure both debtors and creditors benefit from this policy by setting out a fair payment plan for both parties.

This proposed policy is very crucial to the general public and the government. Basing on the evidence that the majority of the population is composed of small business operators whose sources of income was badly affected by the COVID-19 pandemic and risk exposure to the deadly virus if not financially supported to continue living their lives as usual with limited movements to seek daily supplies (Congress.gov, 2021). The extended financial relief and increased debt threshold will enable the people to stay home but still afford their daily expenses, limiting their exposure and thus the spread of the coronavirus. This new policy ensures every citizen is protected from the virus by availing the finances needed by each person to limit their movements, thus minimizing the spread of this deadly disease. This policy will allow for the safety of the public and the economic security of individuals and the country by ensuring families and small businesses make optimum use of the finances to reorganize their lives and businesses disrupted by the pandemic.

References

Congress.gov.(n.d.). Retrieved April 13, 2021, from https://www.congress.gov/

House Committee on the Judiciary retrieved on April 13, 2021, from https://judiciary.house.gov/news/documentssingle.aspx?DocumentID=4470.

JDSUPRA. (2021). Senators Propose COVID-19Bankruptcy Relief Extension Act to Extend COVID-19 Changes to the Bankruptcy Code. Retrieved April 13, 2021, from https://www.jdsupra.com/legalnew/senators-propose-covid-19-bancruptcy-7431719/

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