House Democrats $3 Trillion Coronavirus Bill Includes Second Stimulus Check

House Democrats $3 Trillion Coronavirus Bill Includes Second Stimulus Check

The House could vote on the package as soon as Friday, but Senate Majority Leader Mitch McConnell has signaled he is in no rush to take up the legislation.

The package from the caucus of House Speaker Nancy Pelosi (D-Calif.) "is not something created to deal with reality, but created to deal with aspirations", Senate Majority Leader Mitch McConnell (R-Ky.) said during a press conference in Washington. It will offer $1,200 direct cash aid to individuals, up to $6,000 per household.

The measure would also extend $600-per-week unemployment benefits through January, for the millions who have filed for unemployment since the crisis began. It is now set to expire after July.

The bill would also provide almost $1 trillion for states, cities and tribal governments to avert layoffs and there would be $75 billion more for virus testing, contact tracing and treatment.

The popular Payroll Protection Program, which has been boosted in past bills, would see another $10 billion to ensure under-served businesses and nonprofit organizations have access to grants through a disaster loan program.

Adds a second round of direct payments to individuals and makes those benefits more generous than an earlier round, which limited payments for dependent children to $500. Another 25 percent of the remaining funds would go to nonprofits. For businesses, it provides an employee retention tax credit.

Turning to the health aspect of the crisis, the bill would set aside $75 billion for an increase in testing and contact tracing, measures health officials have said are crucial to reopening businesses safely.

It would also extend unemployment benefits as the United States grapples with jobless rates not seen since the Great Depression. Postal Service and allocate $3.6 billion in funds to help local governments hold safe elections and arrange for voting by mail.

Pelosi drew on US history - and poetry - to suggest "no man is an island" as she called on Americans to respond to the crisis with a strategy of science, virus testing and empathy.

Though a House vote is likely Friday, the bill is expected to face opposition in the Senate.

"To those who would suggest a pause, I would say the hunger doesn't take a pause, the rent doesn't take a pause", she said Monday in an interview with MSNBC.

Senate Republicans said that the bill will not pass the chamber, arguing that another round of economic stimulus is not necessary right now. "And so we're going to insist on doing narrowly targeted legislation, if and when we do legislate again and we may well, that addresses the problems, the needs-and not the aspirations of the Democratic majority in the House". "This is a time for practical response to the coronavirus pandemic".

Senate Republicans are not expected to vote on any additional relief provisions until June, following a Memorial Day recess.

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