New Stimulus Package Signed by POTUS

Summary of: Trump signs $484 billion stimulus package into law published on Politico, April 24, 2020.


Key Points:

  • President Trump signed (Friday, April 24, 2020) a coronavirus relief package into law.

  • The package includes $484 billion to provide some funding for small businesses in a lending program, as well as funding for the healthcare system and Coronavirus testing.



The Senate passed legislation by voice vote on Tuesday, April 21, 2020. Four Republicans and one Democrat voted against the bill, which passed the House on Thursday, April 23, 2020.

The bill injects $320 billion into the Paycheck Protection Program, which allows small businesses to continue paying their employees.

Democrat and Republican lawmakers have struggled to come to an agreement on what should be included in the follow-up to the larger Coronavirus Aid, Relief, and Economic Security Act in the coming weeks.

Read more on Business Insider.

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