Dems Unveil Giant New Coronavirus Relief Bill

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Dems Unveil Giant New Coronavirus Relief Bill
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The HEROES Act includes provisions for more — and bigger — stimulus checks, as well as an extension to pandemic unemployment benefits.

economic relief package on Tuesday — a $3 trillion bill with more money for enhanced unemployment benefits, money for state and local governments,Of importance to most Americans: The bill, called the Health and Economic Recovery Omnibus Emergency Solutions, or HEROES, Act, includes a second wave of $1,200 payments to the vast majority of U.S. households — this time with even more inclusive eligibility rules than the previous payments.

This bill, almost certain not to be the final legislation that will become law, is an opening offer from Democrats. On past coronavirus relief bills, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer negotiated in private with Senate Majority Leader Mitch McConnell and Treasury Secretary Steve Mnuchin.” for another measure, Democrats are moving forward with their own bill — one that more closely hews to their priorities.

Access to affordable health insurance has largely been left out of negotiations between the White House and Congress, leaving millions of recently unemployed Americans — and previously uninsured Americans — in the lurch during a public health crisis. This bill would make treatment for the novel coronavirus free for individuals, as well as open a special enrollment period for previously uninsured individuals to buy into the Affordable Care Act’s exchanges.

The legislation also includes a subtle change in language that would make some Washington lobbying firms eligible for forgivable loans from the Paycheck Protection Program, which is designed to help small businesses retain their employees despite the economic fallout from the COVID-19 pandemic.

There is $175 billion for housing assistance to help eligible people pay rents and mortgages, $25 billion for the struggling postal service, and a 15% increase in food benefits provided under the Supplemental Nutrition Assistance Program.

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