The bill - which still needs to be passed by the Senate and the House - provides direct help to citizens, businesses, hospitals and state and local governments.
Big Businesses: About $500 billion can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments.
Small Businesses: More than $350 billion to aid small businesses, including $10 billion in SBA grants of up to $10,000 for small business costs, and $17 billion for SBA to cover six months of payments for businesses with current SBA loans.
Hospitals: A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
There will also be $30 billion in emergency education funding, $25 billion in transit funding, and $30 billion for the Disaster Relief fund.
Any company receiving a government loan would be subject to a ban on stock buybacks through the term of the loan, plus an additional year.
A ban on funds for any company controlled by President Trump or his children, as well as any owned by Vice President Mike Pence, any members of Congress, or heads of executive departments.
https://www.zerohedge.com/political/details-2-trillion-coronavirus-stimulus-package-emerge
Big Businesses: About $500 billion can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments.
Small Businesses: More than $350 billion to aid small businesses, including $10 billion in SBA grants of up to $10,000 for small business costs, and $17 billion for SBA to cover six months of payments for businesses with current SBA loans.
Hospitals: A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
There will also be $30 billion in emergency education funding, $25 billion in transit funding, and $30 billion for the Disaster Relief fund.
Any company receiving a government loan would be subject to a ban on stock buybacks through the term of the loan, plus an additional year.
A ban on funds for any company controlled by President Trump or his children, as well as any owned by Vice President Mike Pence, any members of Congress, or heads of executive departments.
https://www.zerohedge.com/political/details-2-trillion-coronavirus-stimulus-package-emerge
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