Congress passes $900 billion COVID-19 relief bill
3 months 4 days 17 hours ago
Monday, December 21 2020
Dec 21, 2020
December 21, 2020 9:45 PM
December 21, 2020
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Source: Associated Press
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Congress has officially passed a massive, year-end catchall bill that combines $900 billion in COVID-19 aid with a $1.4 trillion omnibus spending bill and reams of other unfinished legislation on taxes, energy, education and health care. The bill now goes to President Donald Trump for his signature which is expected in the coming days.
Highlights of the measure with overall funding amounts and specific amounts for some but not necessarily all initiatives; some amounts are not yet available and some aspects of the catchall bill do not involve spending.
Inside $900B Covid relief bill: Jobless benefits, stimulus checks, PPP loans, school aid, rental assistance
Updated Dec 21, 2020;
Posted Dec 21, 2020
A worker gives a thumbs up while transporting boxes containing the Moderna COVID-19 vaccine to the loading dock for shipping at the McKesson distribution center in Olive Branch, Miss., Sunday, Dec. 20, 2020. (AP Photo/Paul Sancya, Pool)AP
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Congressional leaders have hashed out a massive, year-end catchall bill that combines $900 billion in COVID-19 aid with a $1.4 trillion omnibus spending bill and reams of other unfinished legislation on taxes, energy, education and health care. The huge, still-unreleased bill is slated for votes on Monday with lawmakers having only a few hours to read it before casting their votes.
COVID-19 RELIEF
Unemployment insurance ($120 billion). Revives supplemental federal pandemic unemployment benefits but at $300 per week through March 14 instead of the $600 per week benefit that expired in July. Extends special pandemic benefits for “gig” workers and extends the maximum period for state-paid jobless benefits to 50 weeks.
Direct payments ($166 billion). Provides $600 direct payments to individuals making up to $75,000 per year and couples making up to $150,000 per year with payments phased out for higher incomes - with $600 additional payments per dependent child. In March under the CARES Act, it was $1,200 and $2,400, respectively, and $500 per dependent child.
Paycheck Protection Program ($284 billion). Revives the Paycheck Protection Program, which provides forgivable loans to qualified businesses. Especially hard-hit businesses that received PPP grants would be eligible for a second round. Ensures that PPP subsidies are not taxed.
Second stimulus check: Here s what s in the COVID-19 relief bill - South Florida Sun-Sentinel sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
Highlights of $900 billion COVID-19 relief, wrapup bills
Boxes containing the Moderna COVID-19 vaccine are moved to the loading dock for shipping at the McKesson distribution center in Olive Branch, Miss., Sunday, Dec. 20, 2020. (AP Photo/Paul Sancya, Pool)
Published December 21. 2020 7:50AM | Updated December 21. 2020 3:20PM
By The Associated Press
Congressional leaders have hashed out a massive, year-end catchall bill that combines $900 billion in COVID-19 aid with a $1.4 trillion omnibus spending bill and reams of other unfinished legislation on taxes, energy, education and health care. The huge bill is slated for votes on Monday with lawmakers having only a few hours to read it before casting their votes.