On Tuesday the Senate passed a new $484 billion bill to replenish the Paycheck Protection Program for small business relief loans, which ran out of money in just 13 days.
This bill includes:
- $320 billion: to replenish the Paycheck Protection Program
- $60 billion: for the Small Business Administration’s disaster relief fund
- $75 billion: for hospitals
- $25 billion: for coronavirus testing
The bill has passed the Senate and is expected to pass the House with bipartisan support on Thursday.
This bill does not include any stimulus packages for individuals or families.
“While the bill won bipartisan support, there was disagreement among Senate leaders about what would come next.”