Latest COVID-19 Relief Package Focuses on Businesses, Hospitals, and Testing
The Senate passed a fourth COVID-19 supplemental appropriations bill—the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266)—that focuses on small businesses, hospitals, and testing. The House is expected to vote on the measure today, and the president indicated he will sign it. Major provisions include:
- $321 billion for the Paycheck Protection Program
- $60 billion in loans and grants for economic disaster assistance
- $75 billion for health care providers
- $25 billion to increase testing capacity
The bill does not provide direct assistance to state and local governments, except for $11 billion for testing and contact tracing.