Coronavirus Relief Bill Passes
Congress passed, and President Trump signed a $2 trillion coronavirus relief bill. The relief package builds on initial emergency response funding and the Families First Coronavirus Response Act, which provides paid family leave benefits, free coronavirus testing, enhanced Unemployment Insurance, and increases federal Medicaid funding to states.
The most recently adopted $2 trillion package touches the most impacted parts of the economy by providing targeted assistance to the most affected workers, industries, and communities.
The package includes:
- One-time direct payments to households of up to $1,200
- A four-month unemployment extension for laid-off workers, which will also include the self-employed
- $150 billion for the health care system
- $350 billion loan program for small businesses
Members of Congress are already discussing the need for a fourth relief bill to help rebuild. These discussions may address infrastructure spending.