Here 3 HEALS Act proposals that wouldn’t directly aid American workers:
Trump fired back, saying: “You need a new building. It's a bad building, it's a dangerous building ... it's not a good building from the inside, it's a very expensive building."Assistance for Big Banks
In the wake of the 2008 financial crisis, regulators tightened requirements on how much capital banks are required to hold in relation to their assets in an effort to rein in risky behavior. Now, lawmakers want to loosen those regulations to allow banks to hold additional financial assets without having to increase capital reserves, according to the New York Times.
Currently, banks must account for all assets they manage. This factors into their leverage ratio—essentially a measurement of a bank’s debts compared to its equity or capital. A proposal pushed for months would allow banks to exclude certain debts on their balance sheet when calculating capital requirements. In turn, this will allow banks to take more risks in the assets they hold—but also potentially allow them to increase lending.
Opponents argue this would allow banks to become more financially fragile in a time where more confidence is needed, not less. The stimulus package proposes an additional $29.4 billion in military spending, including billions to purchase attack vehicles like the Stryker DVHA1, a defense tank. The Senate bill also includes funding for F-35A fighters, C-130J transport planes and amphibious ships, among other military planes and combat vehicles, Politico reported.
House Appropriations Chair Nita Lowey strongly opposed the spending in a statement:"Amphibious ships don’t feed hungry children, and the Senate Republican bill doesn’t meet the desperate needs of the American people."
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