U.S Congress to Vote 4/21 – 4/23
Fourth COVID-19 Relief Package – Focus on Small Business
4/21/20
Congress has reportedly reached an agreement on the fourth stimulus and relief package to assist Americans impacted by the COVID-19 response measures. Votes on the new package are expected as early as this afternoon, April 21st in the Senate and Thursday, April 23rd in the House of Representatives.
The vote will appropriate nearly $500 billion and become the fourth COVID-19 virus-related bill rushed through Congress in just two months.
The new package would amount to roughly $470 billion in new spending, with $370 billion directed to small businesses, $75 billion going to hospitals, and $25 billion set aside for testing, which has been deemed critical to getting the U.S. back open for business. Specific to small businesses, the new measure reportedly devotes an additional $310 billion to the Paycheck Protection Program (PPP) created by last month’s Cares Act that was initially funded $349 billion. It has since run out of funds.
There are several workshops that are being held later this week and based on the anticipation of relief appropriations, could be of interest to our Chamber members. Please click below to access additional information and registration instructions: