Trump signs $484 billion coronavirus relief package
Just hours ago, President trump signed the emergency relief bill. This bill will replenish the President’s small business loans program while also providing crucial support for America’s frontline medical workers. Specifically, the new agreement provides:
$320 billion in additional funding for the Paycheck Protection Program
$75 billion for hospitals and healthcare providers to fight Coronavirus
$25 billion for ongoing testing across the country
The Paycheck Protection Program ensures that small businesses can continue to pay employees and cover costs during this global health crisis. After the program launched earlier this month, it proved so crucial a lifeline that its initial funding ran out in just 14 days. With today’s signing, millions of Americans will now stay on the payroll.
“I want to thank Congress for answering my call to pass this critical funding,” President Trump said.