Congress, President Agree on Coronavirus Aid Bill

Commentary & Community

Congress, President Agree on Coronavirus Aid Bill

A $2 trillion coronavirus bill is quickly moving its way through Congress.

 

After days of negotiations, Democrats and Republicans in Congress worked with the White House to craft a bill that contains a multitude of provisions related to coronavirus. Here are some of the things in the legislation:

  • Expanded unemployment benefits for 4 months
  • A one-time $1,200 payment to Americans whose income is under $75,000
  • A $500 billion fund administered by the Federal Reserve to provide liquidity to businesses
  • A $367 billion small business loan program
  • $130 billion in aid for hospitals
  • $150 billion in aid for state and local governments
  • A $25 billion aid package for airlines

 

The Senate will vote on this bill today. It is likely to pass with overwhelming bipartisan support.

 

The House of Representatives is out of session, however. If there is unanimous consent to pass the bill, it can move through that chamber with only a short session. However, if a member objects to this, the House will have to be called into a longer session to debate and vote on the bill.

 

This is the third coronavirus-related bill considered by Congress.

 

Do you support expanding unemployment befits for four weeks? Should every American household with a income under $75,000 receive a government check for $1,200?

Copyright © 2018 Votespotter Inc. All rights reserved.