House to vote on $480 billion relief package to help small businesses and hospitals, expand Covid-19 testing – CNNPolitics

Washington (CNN)The House of Representatives will vote on Thursday on a roughly $480 billion coronavirus relief package to deliver aid to small businesses and hospitals and expand Covid-19 testing, in the latest attempt by lawmakers to blunt the devastating impact of the pandemic.

The measure passed the Senate on Tuesday and will go to President Donald Trump for his signature after it is approved by the House. Trump has expressed support for the legislation and indicated that he will sign it.
The total price tag of the bill is approximately $484 billion. It will add to the already historic levels of spending to deal with the pandemic by authorizing an additional $310 billion for the Paycheck Protection Program, which was set up to help small businesses struggling from the economic deep freeze triggered by coronavirus. Funding for the program ran dry earlier this month, prompting an outcry from the business community.
In addition, the legislation provides $75 billion for hospitals and health care providers to address coronavirus expenses and lost revenue and $25 billion to facilitate and expand Covid-19 testing. The increased funding for testing comes at a time when there is widespread recognition that testing capacity must increase and improve as states consider when to reopen businesses and lift lockdowns.
The House is expected to hold a recorded roll call vote on the package, forcing many lawmakers to return to Washington from their home states and districts during the pandemic.

Source: House to vote on $480 billion relief package to help small businesses and hospitals, expand Covid-19 testing – CNNPolitics