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| Senate Republicans on Tuesday unveiled a coronavirus relief plan far smaller than what lawmakers on both sides of the aisle spent weeks arguing over. It's a bill that even Senate Majority Leader Mitch McConnell says isn't perfect. |
| The proposal faces an uphill battle to becoming law as Democrats instantly vowed to block what they called a political ploy to help endangered Republicans in November and not meet the needs of American families and businesses. |
What does it include? |
| • | A $300 bolster to weekly unemployment benefits - reduced from a $600 boost that expired in July - that will run through Dec. 27. The amount is what President Trump promised the federal government would provide out-of-work Americans in an executive order last month. | | • | Liability protections for businesses, hospitals, churches and schools against some COVID-related personal injury claims. | | • | A second round of loans under the Paycheck Protection Program for small businesses. Businesses will have to have less than 300 employees and show at least a 35% gross revenue reduction compared with last year. | | • | A $10 billion loan given to the Postal Service would be forgiven and thus turned into a grant. The USPS would be required to offer a report to Congress on how the virus has increased its expenses, an issue that has drawn scrutiny. | | • | Offers $105 billion through an Education Stabilization Fund for schools as students go back to classes across the country. The bill also includes a two-year tax credit for private schools and other scholarship-granting organizations. | |
| The estimated $300-billion proposal is dubbed the Delivering Immediate Relief to America's Families, Schools and Small Businesses Act. |
What else is going on? |
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