The House of Representatives passed a $3 trillion coronavirus aid package on Saturday, May 16 with a partisan vote. The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (H.R. 6800), adds a variety of expansions and modifications to existing legislation to address the global COVID-19 pandemic. The bill increases financial aid to state, local, territorial, and tribal governments, modifies and expands the Paycheck Protection Program (PPP), increases funding for COVID-19 testing, broadens unemployment compensation paid sick days, and provides a second round of direct payments to Americans, with many individuals receiving $1,200 from the government.
The bill also makes modifications to a variety of other programs and provisions, including prisons, federal elections, immigration, student loans, Medicare and Medicaid, and retirement.
Senate Majority Leader Mitch McConnell (R-Ky.) has dismissed the bill as a liberal wish list and President Donald Trump has indicated that he will not sign the bill. MEMA will continue to advocate for motor vehicle parts manufacturers and keep you updated as the legislative process continues.