Airport Alerts: Senate Clears Coronavirus Relief Package
April 21, 2020
After days of back and forth between Republicans and Democrats, the Senate today passed another coronavirus relief package to help small businesses. Lawmakers cleared the nearly $500 billion "interim" relief package by unanimous consent.
The bill includes $321 billion in additional funding for the Paycheck Protection Program. The CARES Act, which Congress passed last month, included $349 billion for the program aimed at helping small businesses. But that first tranche of funding has already been depleted.
The new measure also includes $50 billion for the Small Business Administration's Disaster Loans Program and another $10 billion for Economic Injury Disaster Emergency Advance Loans.
The Senate-passed package also includes $75 billion for hospitals and $25 billion for coronavirus testing - the same overall amount that Democrats had requested. However, the final package does not include the $150 billion for state and local governments to deal with the coronavirus crisis as Democrats proposed.
The House is expected to vote on the measure on Thursday.
The bill includes $321 billion in additional funding for the Paycheck Protection Program. The CARES Act, which Congress passed last month, included $349 billion for the program aimed at helping small businesses. But that first tranche of funding has already been depleted.
The new measure also includes $50 billion for the Small Business Administration's Disaster Loans Program and another $10 billion for Economic Injury Disaster Emergency Advance Loans.
The Senate-passed package also includes $75 billion for hospitals and $25 billion for coronavirus testing - the same overall amount that Democrats had requested. However, the final package does not include the $150 billion for state and local governments to deal with the coronavirus crisis as Democrats proposed.
The House is expected to vote on the measure on Thursday.
