House Poised to Unveil up to $2 Trillion Coronavirus Relief Package

Date: May 12, 2020

House Democrats are expected to unveil a bill which could provide up to $2 trillion coronavirus relief package, which they have dubbed the second part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. House Speaker Nancy Pelosi (D-Calif.) and Majority Leader Steny Hoyer (D-Md.) hope to vote on the package this week once its introduced. However, lawmakers are still working on the legislation and will likely need to run it by multiple stakeholders before scheduling a vote. Some of the priorities that may be addressed in the package include: an expansion of unemployment insurance; funding for testing and contact tracing; state, local, and tribal funding; monthly stimulus payments to Americans; and a payroll tax cut. Senate Republicans are pushing for liability protections for businesses in relation to coronavirus and the White House supports payroll tax cuts.

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