News
House of Representatives Approves $484 Billion Coronavirus Relief Package
Posted 04.24.20
On Thursday, April 23, 2020, the U.S. House of Representatives voted on and passed the newest coronavirus aid bill, which includes funding for small businesses, hospitals and coronavirus testing.
It is expected be signed by the president to become a law.
The bill provides $484 billion in total funding, which includes:
- $320 billion to replenish the federal small business loan program, the Paycheck Protection Program, which ran out of funds last week;
- $60 billion would be added to the Small Business Administration’s disaster relief fund. Farms and other agriculture enterprises would be eligible for such funds under the new bill;
- $75 billion in funding for hospitals;
- $25 billion in COVID-19 testing.
Refer to the attached news brief for additional information.
House of Representatives Approves $484 Billion Coronavirus Relief Package