Economy

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More on Economy

May 20, 2020 Press Release

Over one month ago on April 14, 2020 Guam received $6,420,621 in child care grants (CCDBG) from the CARES Act we secured in the Congress to support our childcare providers and make childcare available to essential workers.

"We continue to receive pleas from childcare providers that this money still has not been made available, opened Congressman San Nicolas.

May 14, 2020 Press Release

In a letter to Guam Republican Party State Chairman Senator Tony Ada, Congressman San Nicolas seeks the support of the Guam Republican National Committee for HR 6800 the HEROES Act.

"HR 6800 contains many provisions that will directly benefit Guam, including addressing legacy issues such as a 75% rebate of our Earned Income Tax Credit costs (EITC), and a billion dollar pool of funds to fix GMH," opened Congressman San Nicolas.

May 8, 2020 Press Release

“This measure includes individual components led by various Members of the Financial Services Committee who came together to package comprehensive stimulus measures for all Americans.

"Territories are fully included, and we have also contributed to all of America by leading a provision to waive federal matching fund requirements for local governments, saving millions that can go to pressing needs in individual communities throughout the country.

May 7, 2020 Press Release

The Education Stabilization Fund of the CARES Act set aside over $153M for the insular territories to provide relief and support forCOVID-19 education-related activities. Guam is set to receive a total of $54,021,960, based on the island’s student-aged population and poverty levels.

April 29, 2020 Press Release

In a letter addressed to all Senators of the 35th Guam Legislature, Congressman San Nicolas is asking for legislative oversight of the expenditure of local funds that seek federal reimbursement.

April 24, 2020 Press Release

"This second round of funding will bring more healthcare dollars into Guam, and will dedicate $30 Billion in Small Business Loans to smaller jurisdictions which helps Guam have better access to the Paycheck Protection Program," stated Congressman San Nicolas.

 

The bill includes:

$75 billion to reimburse hospitals and health care providers for health care related expenses or lost revenues attributable to COVID-19.

$25 billion to increase testing for COVID-19, including:

April 21, 2020 Press Release

The House of Representatives is set to vote this week on a Senate package to provide additional funding for the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA). The package totals $310 billion in additional PPP funding.

 

April 21, 2020 Press Release

Congressman San Nicolas transmits Freedom of Information (FOIA) request to Rev and Tax on stimulus processing

 

At close of business on April 22, 2020, Congressman San Nicolas transmitted a FOIA to the Department of Revenue and Taxation (DRT) seeking operational clarity on processing Economic Impact Payments (EIP)

 

April 20, 2020 Press Release

If you are a bona fide resident of Guam, and you generally do not file an income tax return because your income was too low or you had no income that would require a tax filing (therefore, you did not file a return for either tax year 2018 or 2019), you MUST complete the Form EIP-NF provided by the Guam Department of Revenue and Taxation (DRT). Those individuals receiving retirement and disability income from Social Security and the Veterans Administration, who are not generally required to file a return, should also complete this form for submission.

 

April 17, 2020 Press Release

Federally funded pay increases for essential employees in discussion

 

Senate Democrats are floating proposals collectively referred to as the HEROES Act to pay essential employees across the country up to $13/hour on top of their regular pay, capped at a $25,000 salary increase to the end of 2020.