12 hours after the Senate was supposed to originally release the full text - all 889 pages of it - of the $2 trillion stimulus bill, it finally did just that, detailing in a whopping 889 pages, detailing its plans to stimulate spending, push tax breaks and generally boost the U.S. economy during and after the coronavirus outbreak.
The bill carves out more than $350 billion in aid for small businesses, much of which would be in loans through the Small Business Administration and banks, guaranteed by the federal government.
The loans would be forgiven provided the businesses meet certain requirements, including limiting reductions in pay and layoffs, though with more flexibility for employers than the original Senate bill.
The Senate bill will provide a one-time $1,200 check for an individual making up to $75,000 per year or $2,400 for couples earning less than $150,000.
The Senate bill prevents the Pentagon from shifting $10.5 billion in coronavirus funding to a counterdrug account it has been using to fund the U.S.-Mexico border wall.
The bill would allow the Pentagon to transfer the coronavirus funds to other accounts "Except for 'Drug Interdiction and Counter-Drug Activities, Defense,'" according to a summary from the Senate Appropriations Committee.
Scott, Sasse and Graham "Demand" a fix to the current version of the stimulus bill.
https://www.zerohedge.com/political/coronavirus-bill-may-suffer-further-delay-after-gop-senators-demand-fix-massive-drafting
The bill carves out more than $350 billion in aid for small businesses, much of which would be in loans through the Small Business Administration and banks, guaranteed by the federal government.
The loans would be forgiven provided the businesses meet certain requirements, including limiting reductions in pay and layoffs, though with more flexibility for employers than the original Senate bill.
The Senate bill will provide a one-time $1,200 check for an individual making up to $75,000 per year or $2,400 for couples earning less than $150,000.
The Senate bill prevents the Pentagon from shifting $10.5 billion in coronavirus funding to a counterdrug account it has been using to fund the U.S.-Mexico border wall.
The bill would allow the Pentagon to transfer the coronavirus funds to other accounts "Except for 'Drug Interdiction and Counter-Drug Activities, Defense,'" according to a summary from the Senate Appropriations Committee.
Scott, Sasse and Graham "Demand" a fix to the current version of the stimulus bill.
https://www.zerohedge.com/political/coronavirus-bill-may-suffer-further-delay-after-gop-senators-demand-fix-massive-drafting
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