Phase 2- C.A.R.E. Security Act & PPP - 032720
The $2.1 trillion stimulus bill President Trump signed into law Friday, called "The Coronavirus Aid, Relief, and Economic Security Act," will disburse emergency relief throughout the economy. The showcase piece is the approximately $500 billion in direct payments to households. For business, the law includes almost $1 trillion in assistance to small and large employers and also includes some tax and regulatory relief.
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GOP, Democrats Hit an Impasse Over Nature of Next Round of Coronavirus Aid

4/9/20
from The Wall Street Journal,
4/9/20:

Republicans seek quick passage of small-business aid; Democrats want to combine it with spending for health-care workers, states.

A congressional effort to boost funding for small businesses by hundreds of billions of dollars hit an impasse as Republicans and Democrats rejected each other’s plans for the next tranche of coronavirus relief, leaving uncertain when more aid would be approved.

“I want to add more money to the only part of our bipartisan bill that is currently at risk of running out of money,” McConnell said on the Senate floor. “The country cannot afford unnecessary wrangling or political maneuvering.” Democrats said the small-business loan program, called the Paycheck Protection Program, needed changes to ensure that less-sophisticated business owners can also access the funds. “In this process, many people who do not have banking relationships were going to be last in line,” House Speaker Nancy Pelosi (D., Calif.) told reporters on a call Thursday. “That’s why when they asked for more money, we said, ‘Let’s help everybody here.’ ” Mrs. Pelosi said the Senate GOP bill wouldn’t be able to pass the House, but said it could be the “basis for some negotiation.”

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