The Senate passed H.R.266, the Paycheck Protection Program and Health Care Enhancement Act, worth $484 billion to mitigate the economic fallout of the coronavirus pandemic.
The package includes:
The House is expected to vote on and pass the legislation on Thursday.
The package includes:
- $310 billion to the Paycheck Protection Program - which will provide loans to small businesses
- $60 billion in disaster relief loans and grants
- $75 billion for hospitals
- $25 billion to boost coronavirus testing
- $10 billion for grants under the Emergency Economic Injury Disaster Loan program
The House is expected to vote on and pass the legislation on Thursday.
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