When and if it passes this week, the new stimulus package will be shippedfrom up to $ 600 to and their – but not dependent adults, according to The Washington Post – and refresh a handful of them from this week, inclusive and .
“We can finally report what our nation has long needed to hear,” Senator Majority Leader Mitch McConnell said on the Senate floor on Sunday. “The four leaders of the Senate and House have reached an agreement: it will be another major bailout package for the American people.”
Congress must act quickly. Lawmakers linked the new bailout with a federal budget package that would fund the government through the end of the fiscal year. Congress on Sunday worked to extend the current budget through Monday so that the House and Senate have enough time to approve the package and then have President Donald Trump sign it into law.
These are the key issues in the economic stimulus package that Congress leaders reportedly agreed today, including the funding it contains, such as details on the– and what’s left behind. This story is often updated with new information.
read more: Will there be one? How a .
A second $ 600 stimulus check and …
Negotiators have decided: afor a maximum of $ 600 and an additional flat fee of $ 600 each , reduced from a maximum of $ 1,200 per eligible adult on the first check and $ 500 per dependent child. Some time thought was given to dependents of all ages.
While thein a a change could include payments for families with a non-citizen parent, according to The Washington Post. That arrangement .
$ 300 a week in federal unemployment benefits
Theto people out of work, in addition to their usual unemployment check. When this funding expired in late July, to pay a bonus of $ 300 per week. Which .
The bipartisan proposal would generate $ 300 a week in additional federal unemployment benefits for 11 weeks, according to reports. Payments are not retroactive. There are more details on this.
No liability protection against COVID-19 lawsuits this time
A major sticking point during the summer and fall, Republican lawmakers have backed limiting COVID-19 liability to guard against lawsuits against businesses, schools, hospitals and other organizations from people who said these institutions were causing them the coronavirus acquired except in cases of gross negligence. Democrats have opposed the plan.
The coronavirus liability shield, along with money for state and local funding, is broken down into a separate $ 160 billion piece of legislation. It now seems likely that a final stimulus law in 2020 wouldn’t include this, but that discussion could pick up again in 2021.
“We all know the new administration is going to call for a different package,” said Mitch McConnell, leader of the Senate majority. “We can live to fight one more day about what we disagree on, but we all agree to get on with what we do can agree about. That is the way forward. “
Expand the Payroll Protection Program to cover employee wages
The Payroll Protection Program initially provided forgivable loans to small businesses as a way to cover workers’ wages so that they did not have to lay off employees.
The new bipartisan proposal would add $ 284 billion to the Paycheck Protection Program for forgiven small business loans. The bill would aim to support businesses particularly hard hit by closings, including nonprofits, restaurants and live venues.
Renew an eviction ban for tenants
The CARES Act has onefor tenants who were late with their rent. When that was due to expire, Trump extended the ban. But that extension will also expire at the end of the year.
The new bipartisan proposal would help protect against evictions by providing $ 25 billion to state and local governments to pay rent and utilities. The bill would also extend an expulsion moratorium until January 31, 2021.
Funding for health care and coronavirus vaccinations
With the US being, the proposals turn to financing distribution of the . The bipartisan proposal would raise $ 16 billion for vaccine development and distribution, along with funding and efforts.
Money for schools, childcare and food aid
Funding for education was part of proposals for more economic aid dating back to May. The new bipartisan bill sets aside $ 82 billion for education and $ 10 billion for childcare. The bill also includes $ 13 billion for the Supplemental Nutrition Assistance Program (SNAP).
State and local aid money? Not this time
The bipartisan proposal would split $ 160 billion for state and local aid into the liability guard package. It is intended that Congress would be able to consider the two conflict areas separately from the bill that focuses solely on economic relief.
While we wait to see how and when, here’s what you need to know , and .