US Senate Passes $484b Coronavirus Package For Small Businesses And Hospitals

The US Senate has approved about $484 billion in coronavirus aid for small businesses, hospitals and testing, making it the US’ second economic relief package since the Coronavirus pandemic started, if signed into law.

The agreement, made after weeks of negotiation and disagreements between Republican and Democratic Lawmakers was passed by a voice vote after agreements were made on Sunday and Monday.

The deal will include an additional $310 billion for the Paycheck Protection Program (PPP), $60 billion specifically for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing, and $60 billion for emergency disaster loans and grants.

The US Senate has approved about $484 billion in new coronavirus aid for small businesses, hospitals and testing, making it the US’ second economic relief package since the Coronavirus pandemic started, if signed into law.

The agreement, made after weeks of negotiation and disagreements between Republican and Democratic Lawmakers was passed by a voice vote after agreements were made on Sunday and Monday.

The deal will include an additional $310 billion for the Paycheck Protection Program (PPP), $60 billion specifically for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing, and $60 billion for emergency disaster loans and grants.