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BGOV Bill Summary: Senate-Passed H.R. 748, $2T Virus Aid (1)

March 26, 2020, 4:07 PMUpdated: March 26, 2020, 7:43 PM

About $2 trillion would be provided to individuals, businesses, and states, among others, in response to the coronavirus pandemic under the Senate-passed version of H.R. 748.

The measure, negotiated between the Senate and administration, includes:

  • $500 billion for loans and assistance to companies and state and local governments, including $29 billion for loans to U.S. airlines and related businesses. Stock buybacks and executive compensation would be restricted. Additional funds would be provided to aviation workers.
  • $349 billion in low-interest small business loans that could be partially forgiven
  • Payments of as much as $1,200 for individual taxpayers, and $500 per child,...
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