Airport Alert: House Passes Coronavirus Relief Package
April 23, 2020
The House today overwhelmingly passed a nearly $500 billion coronavirus relief package to help small businesses and hospitals. The Senate passed the "interim" measure earlier this week, and today's action clears the way for the President to sign it into law.
The latest relief package 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 relief 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 today overwhelmingly passed a nearly $500 billion coronavirus relief package to help small businesses and hospitals. The Senate passed the "interim" measure earlier this week, and today's action clears the way for the President to sign it into law.
The latest relief package 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 relief 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.
