Congress Passes $484 Billion Coronavirus Relief Bill to Help Small Businesses and Hospitals
WASHINGTON, D.C. – Today, Congress passed a $484 billion emergency relief package that provides additional funding to small businesses, health care facilities and expands COVID-19 testing.
“As small businesses and working Floridians continue to suffer from the fallout associated with the coronavirus pandemic, it is important that Congress continues to provide the necessary resources to combat this crisis," Rep. Lawson said. “I have heard from many small businesses who have been unable to access the initial funding. This legislation prioritizes local small businesses and the underserved. We also provided funding to expand COVID-19 testing, particularly in rural communities. Testing, I believe, is a key component to reopening the economy.”
Today's action will:
- Small Businesses: Strengthen the Paycheck Protection Program with $310 billion in additional funding, $60 billion specifically set aside for Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), community bands, credit unions, and certified development companies. $50 billion for SBA 's Economic Injury Disaster Lending program and $10 billion for the Economic Injury Disaster Loan grant program.
- Hospitals and Health Care Workers: Provide $75 billion for much-needed personal protective equipment for our most vulnerable frontline workers and healthcare professionals, build temporary medical facilities, purchase medical supplies and increase training.
- COVID-19 Testing: Provide $25 billion to expand testing, including $600 million for community health centers, $225 million for rural health clinics, and $1 million for testing the uninsured.
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