The House passed and President Trump approved a Paycheck Protection Program and Health Care Enhancement Act, which will provide additional funding for PPP, Hospitals, and Testing. The Senate is expected to vote later today.
The $484 billion relief package would replenish a depleted loan program for small businesses and provide additional money for hospitals and coronavirus testing.
President Trump tweeted earlier today:
“I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing. After I sign this Bill, we will begin discussions on the next Legislative Initiative with fiscal relief to State/Local Governments for lost revenues from COVID 19, much needed Infrastructure Investments for Bridges, Tunnels, Broadband, Tax Incentives for Restaurants, Entertainment, Sports, and Payroll Tax Cuts to increase Economic Growth.”
I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing. After I sign this Bill, we will begin discussions on the next Legislative Initiative with fiscal relief….
— Donald J. Trump (@realDonaldTrump) April 21, 2020
The legislation would increase Paycheck Protection Program funding by $310 billion, add $60 billion to a separate small business emergency grant and loan program, and assign $75 billion to hospitals and $25 billion to a newly introduced coronavirus testing program.
Author: News Desk
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