Trump signs $484 billion COVID-19 relief bill

President Donald Trump signed a $484 billion coronavirus aid package Friday, the Associated Press reports.

The bill includes the White House’s $250 billion request to replenish a fund to help small businesses with expenses. That program, called the Paycheck Protection Program, reached its lending limit last week after approving nearly 1.7 million loans.

The bill also includes $100 billion for hospitals and a nationwide testing program. Additionally, it sets $60 billion aside for small banks and community development banks focused on development in urban neighborhoods and rural areas. Another $60 billion will go towards small business loans and grants delivered through the Small Business Administration’s disaster aid program.

More coronavirus relief packages are expected in the weeks ahead. Another bill includes aid for the Postal Service, which has more than 600,000 workers and is experiencing revenue losses from COVID-19.


Tags:, , ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more