Here's what we know so far about what's expected to be in the $2T coronavirus spending bill and how it might help average Americans.
The bill is expected to provide $500 billion in aid for corporations, such as airline companies, that have been hurt by the outbreak.
Democrats had been concerned that the aid would be used as a"slush fund," with little to no oversight on who got how much money, but provisions were added to help allay those concerns., the vice president, members of Congress and heads of executive departments from receiving the loans. The bill would also establish an inspector general and a five-person congressional oversight board responsible for selecting and confirming payments to companies. Treasury Secretary Steven Mnuchin would be required to testify about the transactions.
Furthermore, the measure would create real-time public reporting of Treasury transactions under the act, including terms of loans, investments or other assistance to corporations. The bill would give more than $100 billion in assistance to hospitals, an increase from the Republicans' initial proposal of $15 billion.
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