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Liability Portion Of Stimulus Proposal Could Come Today: Senators

US

Sen Angus King (independent but caucuses w Democrats) says he hopes today to unveil provisions on liability protection in the bipartisan COVID relief proposal, CNN reports.

  • For context, King has been working w Lindsey Graham (Republican) on the text of the liability protections as part of the bipartisan negotiations.
  • BBG reporting Democratic Sen Chris Coons also says a liability plan will be released today, and it will include a six-month moratorium on COVID lawsuits and will provid and affirmative defense for defendants.
  • Worth watching today as this is a key point of contention to a final stimulus agreement, with Republicans insisting on some sort of protection for businesses from COVID-related lawsuits.
  • Not much market reaction, equities still near lows - the details of the liability clauses will be important.

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