Trump Signs $484 Billion Coronavirus Relief Bill

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Trump Signs $484 Billion Coronavirus Relief Bill
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Trump has signed the $484 billion coronavirus relief bill: by theothersarahh

President Trump on Friday signed a $484 billion coronavirus relief bill into law following days of tense negotiations between Democratic and Republican leaders.... [+]The bill, which passed the House Thursday and the Senate on Tuesday, sets aside $310 billion for the Paycheck Protection Program, with $60 billion of that money reserved for smaller businesses without existing banking relationships.

It also provides another $75 billion for healthcare providers and $25 billion for coronavirus testing, $11 billion of which is reserved for states.Lawmakers scrambled to pass supplemental economic rescue legislation after the Paycheck Protection Program, one of the cornerstones of the $2 trillion CARES Act, exhausted its $350 billion in funding last Thursday after less than two weeks.

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