With late night bipartisan votes, Congress approved a $900 billion coronavirus relief package on Monday. Pending the President’s signature, the relief package will include $600 individual payments, an injection of $248 billion into the Paycheck Protection program and a partial extension of the enhanced unemployment insurance benefits. Here’s the breakdown:
- Direct payments | $600 for every adult earning up to $75,000 and each child in their home. Those earning between $75,000 – $99,000 get smaller checks, and the benefit cuts out entirely after $99,000.
- Unemployment | enhanced unemployment benefits ($300/week) will be extended through mid-March; self-employed/contractors and gig workers will continue to be eligible.
- Rental assistance | $25 billion to help families pay their rent, and it extends the eviction moratorium until Jan. 31
- SNAP | an additional $13 billion for the Supplemental Nutrition Assistance Program
Second round of Paycheck Protection Program loans | $284 billion
- Nonprofits(including 501(c)(6)’s and local newspapers, TV and radio stations are now eligible
- $15 billion is reserved for live venues, independent movie theaters and cultural institutions
Child care centers | $10 billion to help providers reopen safely
Vaccines | $68 billion to purchase and distribute COVID-19 vaccines and help states conduct testing.
- $20 billion of that funding will make the vaccine available at no cost
Broadband access | $7 billion to increase access to broadband Internet, including a new Emergency Broadband Benefit to help millions of students’ families and unemployed workers afford the broadband they need during the pandemic.
Transportation aid | $45 billion in transportation-related assistance
- $16 billion for airlines to pay the salaries of workers and contractors
- $14 billion for mass transit agencies
- $10 billion for highways
- $1 billion for Amtrak
Education | $82 billion for schools and universities to assist with reopening — including, $2.75 billion for private K-12 education
Agriculture | $13 billion for farmers and agriculture, including money under the Coronavirus Food Assistance Program for growers and livestock, dairy and poultry producers.