* New delinquent accounts will not be forwarded to private debt collection agencies.

* There will generally be no new field, office, or correspondence examinations, although the IRS warned that it may start new examinations where deemed necessary "to protect the government's interest in preserving the applicable statute of limitations." This also means that in-person meetings regarding examinations will be suspended (though they can still meet remotely). However, if taxpayers want to go forward with an examination anyway (perhaps due to staffing or documentation considerations), the IRS will try to oblige them.

* Taxpayers will have until July 15 to respond to the IRS to verify that they qualify for the Earned Income Tax Credit or to verify their income. Until then, the IRS will not deny these credits for a failure to provide requested information.

"The IRS will continue to review and, where appropriate, modify or expand the People First Initiative as we continue reviewing our programs and receive feedback from others," IRS Commissioner Chuck Rettig said. "We are committed to helping people get through this period, and our employees will remain focused on these and other helpful efforts in the days and weeks ahead. I ask for your personal support, your understanding – and your patience – as we navigate our way forward together. Stay safe and take care of your families, friends and others."

“Health and safety continue to be our first priority,” said SEC Chairman Jay Clayton.  “These actions provide temporary, targeted relief to issuers, investment funds and investment advisers affected by COVID-19.  At the same time, we encourage public companies to provide current and forward-looking information to their investors and, in these uncertain times, companies are reminded that they can take steps to avail themselves of the safe harbor in Section 21E of the Exchange Act for forward-looking statements.”