House Sends Massive Coronavirus Relief Package to the President’s Desk
WASHINGTON – The U.S. House of Representatives passed a $2 trillion economic stimulus bill on Friday to help individuals, families, small businesses and hospitals mitigate the impact of the coronavirus pandemic. The bill was passed by voice vote, which allowed most Members to stay at home and reduce the health risk to themselves and others by avoiding travel and a large gathering in the Capitol.
“This bill will quickly provide much needed assistance to families who are struggling to make ends meet, small businesses trying to figure out how to keep the lights on, and our medical providers who are caring for our loved ones and neighbors,” said Representative Peter Welch. “We have more work to do to pull us out of this unprecedented crisis, but this bill is an important step to help us get there. Vermonters know that we are all in this together.”
Passed by voice vote today, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748):
- Provides direct payments of $1,200 to individuals making up to $75,000 a year, or $2,400 for couples making up to $150,000. Families would receive $500 for each dependent child.
- Increases unemployment compensation benefits for recipients by an extra $600 per week. Eligibility is extended to self-employed and independent contractors.
- Provides $100 billion for hospitals and health care providers on the front lines of this crisis.
- Makes $367 billion worth of loans and grants available to small businesses.
- Provides $9.5 billion to support farmers.
- Creates a $150 billion state relief fund to help states address this pandemic. Vermont will receive $1.25 billion.
- Stabilizes the SNAP program with $15.8 billion.
The president is expected to sign the bill into law.