Highlights Of Senate Stimulus Legislation

EXPECTED TO BE SIGNED INTO LAW in the COMING DAYS

Early this morning, U.S. Senators and the Trump Administration announced they have reached an agreement on a $2 trillion stimulus package that includes direct assistance to small businesses affected by the coronavirus pandemic.

Although the full text of the bill is not yet known, the expectation is that the Senate will pass the legislation later Wednesday afternoon. The House is expected to also pass it and send it to President Trump to sign into law within days.

The bill includes more than $350 billion to help small businesses impacted by the coronavirus pandemic make payroll and cover expenses. Because the federal definition of small business includes companies with 500 employees or less, this bill can help the vast majority of businesses.

Three other provisions of the deal address families and workers, distressed industries and additional support for health care to compact the virus.

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