The bill now moves to the House, which is expected to vote on the measure Friday morning and then send it to President Trump for his signature.
to help families and businesses hurt by the coronavirus epidemic on Wednesday.
Unemployment insurance benefits would be expanded, increasing the maximum benefit by $600 a week for up to four months. Benefits would be available to workers who are part-time, self-employed or part of the gig economy. People who are still unemployed after state benefits end could get an additional 13 weeks of help.
The eight weeks of assistance would be retroactive to Feb. 15, 2020 to help bring back workers who have already been laid off.The package includes a financial lifeline to the hardest-hit industries, including passenger and cargo airlines. Another pot of money would be available to help other businesses for a combined $500 billion.Any company receiving a government loan would be prohibited from buying back stocks while getting assistance as well for an additional year.
Extra funding for the Defense Department includes money to deploy the National Guard and use the Defense Production Act to help fast-track production of needed medical supplies to combat the coronavirus.Funding would increase for federal agencies to speed work on therapies and a possible coronavirus vaccine, among other activities.Help for state and local governments
Child care programs would get a funding boost to help meet emergency staffing needs so health care workers and other critical workers will have child care. Schools and colleges could access nearly $31 billion to continue to teach students as schools are closed.
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