The Senate finished negotiating its coronavirus relief package early in the morning of March 25. The relief bill is valued at $2 trillion and provides relief for the economic fallout from the coronavirus.

Senate Majority Leader Mitch McConnell called it “a wartime level of investment for our nation.” Lawmakers said it would include checks sent directly to each American. Specific details of the bill haven’t been released yet. According to reporting from NBC, the bill includes:

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  • $100 billion for hospitals;
  • $350 billion allocated to small businesses;
  • $500 billion to corporations, including airline companies and cruise lines
  • about $150 billion for state and local governments.
  • $1,200 direct to taxpayers that make up to $75,000 annually
  • emergency loans for small businesses that don’t lay off employees

Republicans and Democrats were arguing over unemployment insurance provisions, among other parts of the bill. Democrats fought to give oversight protections to money for large corporations. Unemployment insurance is also protected for four months with increased payments to employees in corporations and gig economy workers and freelance employees.

Senate Minority Leader Chuck Schumer said the bill, “ensures that laid-off workers, on average, will receive their full pay for four months.” He also added, “To all Americans I say, ‘Help is on the way.”

The Senate is expected to vote on March 25 and President Trump will sign the bill shortly after.

Read more about protecting yourself from coronavirus. Check the CDC website for more information on how to protect yourself and check our latest article to learn how COVID-19 differs from the flu.

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Catch up on our coronavirus coverage in One Green Planet, check out these articles:

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