Senate Approves $484 billion Coronavirus Relief Package

The Senate passed H.R.266, the Paycheck Protection Program and Health Care Enhancement Act, worth $484 billion to mitigate the economic fallout of the coronavirus pandemic.

The package includes:

  • $310 billion to the Paycheck Protection Program – which will provide loans to small businesses
  • $60 billion in disaster relief loans and grants
  • $75 billion for hospitals 
  • $25 billion to boost coronavirus testing
  •  $10 billion for grants under the Emergency Economic Injury Disaster Loan program

The House is expected to vote on and pass the legislation on Thursday.

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