On March 27, 2020, President Trump issued a third Executive Order (EO) invoking his authority under the Defense Production Act of 1950 (DPA) to respond to the coronavirus (COVID-19) crisis. In this third EO, President Trump has delegated additional powers to the Secretaries of Health and Human Services (HHS) and Department of Homeland Security (DHS) to offer direct loans and loan guarantees to businesses, to prevent hoarding of designated materials, and to incentivize domestic production of certain essential goods.

The EO supplements prior EOs issued on March 18 and 23, respectively, which gave the Secretary of HHS certain powers under the DPA to prioritize and allocate orders for, and outlaw hoarding of, health and medical resources needed to respond to COVID-19.

Click here to read the full blog post on Coronavirus (COVID-19): Guidance for Businesses.