Senate reaches deal on $484 billion relief package for small businesses, hospitals, testing

by Jordyn Pair · Apr 21st, 2020 3:21 pm
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The Senate reached a deal on Tuesday for a $484 billion coronavirus relief package that would aid businesses, hospitals, and testing. The Senate could vote on the legislation as early as Tuesday, but will need unanimous support to pass it. The House could approve it as early as Thursday.

The bill would give an additional $320 billion for the Paycheck Protection Program, which provides small businesses with loans. It also grants $75 billion for hospitals, $60 billion for the Economic Injury Disaster Loan program, and $25 billion for coronavirus testing.

Of the funding for testing, $11 billion would go to states, while the rest would go to organizations like the Centers for Disease Control and Prevention and the National Institutes of Health. Up to $1 billion could be used for testing for those without insurance.

"I welcome this bipartisan agreement and hope the Senate will quickly pass it once members have reviewed the final text," said Senate Majority Leader Mitch McConnell in a statement.


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