Companies large and small are scrambling to respond to the coronavirus pandemic, including understanding the emerging economic risks that could affect their profits, their operations and even their very existence.
Add another burden to public companies’ growing roster of risks: Congress.
As lawmakers and the Trump administration prepare additional legislative responses to the crisis, there is a growing danger that extraneous items affecting public companies could be slipped into the bills.
The White House and congressional leaders are racing to approve what is likely to exceed $1 trillion in aid for displaced workers, the airline and tourism industries, healthcare providers, and more. But some lawmakers are looking to exploit the crisis to ensure non-coronavirus provisions affecting public businesses become law, too. Continue Reading