Economy

Washington, D.C. -- Today, Congressman Steven Horsford (NV-04) and Congressman Hank Johnson (GA-04) introduced the End Double Taxation of Successful Consumer Claims Act to protect American consumers' right to sue corporations for fraud. The legislation will help ensure that consumers who win fraud causes are not liable for taxes on funds awarded to their attorney and end the practice of requiring consumers who win their cases to pay income taxes on the funds that courts award them.

Las Vegas, Nev. -- Today, Congressman Steven Horsford announced that Nevada will receive roughly $33.5 million allocated in the Coronavirus Aid, Relief and Economic Support (CARES) Act via the U.S. Housing and Urban Development Emergency Solutions Grants. This funding will support homeless Nevadans and individuals at risk of becoming homeless because of hardships such as job loss, wage reduction, or illness due to COVID-19.

Washington, D.C. -- Today, Congressman Steven Horsford (NV-04) voted for two bipartisan bills to help small businesses and workers across the country during the COVID-19 pandemic. Led by Congressman Dean Phillips of Minnesota (H.R. 7010), the Paycheck Protection Program Flexibility Act solves urgent issues with the Paycheck Protection Program (PPP) facing small business owners in Nevada and across the country who are struggling the most as a result of the coronavirus. The bipartisan TRUTH Act (H.R. 6782), was introduced by Reps.

Las Vegas, Nev. -- Today, Congressman Steven Horsford (NV-04) took part in a Ways and Means Health Subcommittee Tele-Roundtable, to discuss solutions for contact tracing, health disparities, and nursing homes issues as they relate to COVID-19.

The Congressman joined his colleagues to pose questions to Marylou Sudders, the Massachusetts Secretary of Health and Human Services and Richard Mollot, the Long Term Care Community Coalition Executive Director.

Washington, D.C. -- Today, Congressman Steven Horsford (NV-04) voted to pass the Heroes Act: urgently-needed legislation to protect the lives and livelihoods of the American people and the life of our democracy – responding to the pandemic and the economic catastrophe that has followed. The legislation is expected to provide roughly $8.7 billion to Nevada's state and local governments in 2020 and 2021.

Washington, D.C. -- Today, Congressman Steven Horsford (NV-04) released the following statement on updated guidance from the Treasury Department that will now allow employers that continue providing health insurance to furloughed workers to claim the employee retention tax credit (ERTC).

Washington, D.C. -- Today, Congressman Steven Horsford (NV-04) announced his support for the Paycheck Guarantee Act to end mass layoffs, keep workers in their jobs and connected to their health care and other benefits, prevent employers of all sizes from being forced to close permanently, and ensure that the economy is ready to restart when the COVID-19 pandemic ends.

Las Vegas, Nev. -- Today, Congressman Steven Horsford (NV-04) announced that Nevada would receive $2,463,966 for the Emergency Food and Shelter program coordinated through the Federal Emergency Management Agency (FEMA) to assist with the needs of Nevadans in the coronavirus pandemic.