03.26.20

Senate Passes Coronavirus Stimulus Bill, House Expected To Follow Suit

Source: Forbes

The Senate has reached an agreement on a bill intended to provide direct economic relief in response to the COVID-19 pandemic. The measure passed late Wednesday by a vote of 96-0, according to a Forbes report.

According to Johns Hopkins, as of March 25, 2020, there are 468,523 confirmed cases of COVID-19 in 173 territories and countries. The United States has 66,132 confirmed cases with reported cases in every state. As a result of the virus, the Senate passed the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act.”

This bill is in addition to H.R. 6201, Families First Coronavirus Response Act, which cleared the House last week and passed in the Senate this week. It guarantees free testing or health care coverage for coronavirus testing, and provides paid sick leave for some workers and offers additional funding for seniors, food assistance, and unemployment benefits.

Forbes breaks down several highlights of the bill. Read the full article here.

 

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