Highlights of $900 billion COVID-19 relief, wrapup bills

Highlights of $900 billion COVID-19 relief, wrapup bills

Congressional leaders have hashed out an enormous, year-end catchall invoice that mixes $900 billion in COVID-19 help with a $1.4 trillion omnibus spending invoice and reams of different unfinished laws on taxes, power, schooling and well being care. The large, still-unreleased invoice is slated for votes on Monday — with lawmakers having just a few hours to learn it earlier than casting their votes.

Highlights of the measure with total funding quantities and particular quantities for some however not essentially all initiatives:

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DIRECT ECONOMIC RELIEF ($286 billion)

Unemployment insurance coverage ($120 billion). Revives supplemental federal pandemic unemployment advantages however at $300 per week — via March 14 — as a substitute of the $600 per week profit that expired in July. Extends particular pandemic advantages for “gig” employees and extends the utmost interval for state-paid jobless advantages to 50 weeks.

Direct funds ($166 billion). Offers $600 direct funds to people making as much as $75,000 per 12 months and {couples} making $150,000 per 12 months, with $600 extra funds per dependent baby.

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SMALL BUSINESS ($325 billion)

Paycheck Safety Program ($284 billion). Revives the Paycheck Safety Program, which gives forgivable loans to certified companies. Particularly hard-hit companies that acquired PPP grants could be eligible for a second spherical. Ensures that PPP subsidies should not taxed.

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VACCINE, TESTING, HEALTH CARE PROVIDERS ($69 billion)

Delivers greater than $30 billion for procurement of vaccines and coverings, distribution funds for states, and a strategic stockpile. Provides $22 billion for testing, tracing and mitigation, $9 billion for well being care suppliers, and $4.5 billion for psychological well being.

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SCHOOLS ($82 billion)

Delivers $54 billion to public Ok-12 colleges affected by the pandemic and $23 billion for faculties and universities; $4 billion could be awarded to a Governors Emergency Schooling Aid Fund; practically $1 billion for Native American colleges.

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RENTAL ASSISTANCE ($25 billion)

Offers cash for a first-ever federal rental help program; funds to be distributed by state and native governments to assist individuals who have fallen behind on their lease and could also be going through eviction.

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FOOD/FARM AID ($26 billion)

Will increase meals stamp advantages by 15% and gives funding to meals banks, Meals on Wheels and different meals help. Offers an equal quantity ($13 billion) in help to farmers and ranchers.

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CHILD CARE ($10 billion)

Offers $10 billion to the Baby Care Improvement Block Grant to assist households with baby care prices and assist suppliers cowl elevated working prices.

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POSTAL SERVICE ($10 billion)

Forgives a $10 billion mortgage to the Postal Service supplied in earlier reduction laws.

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