The Problem Solvers Caucus, a group of bipartisan lawmakers, unveiled a $908 billion COVID-19 relief framework aimed to break stalemate between Democrats and Republicans over emergency assistance amidst the pandemic.
The framework includes:
- $160 billion for State, Local, and Tribal Governments
- $180 billion for additional Unemployment Insurance (UI)
- $288 billion for small businesses including Paycheck Protection Program (PPP)
- $45 billion for Transportation (Airlines, Airports, Buses, Transit, and Amtrak)
- $16 billion for Vaccine Development and Distribution
- $35 billion for Healthcare Provider Relief Fund
- $82 billion for Education
- $25 billion for Housing Assistance
- $26 billion for Nutrition (including SNAP)
- $10 billion for U.S. Postal Service
The unemployment benefits would reduce to $300 a week for 18 week, compared to the $600 per week included under the CARES Act. The funds would run through the first quarter of 2021. Congress is running out of time to pass a fifth relief bill with lawmakers scheduled to leave for the year as soon as next week and multiple federal assistance programs set to expire at the end of the month.