US Senate finally approved the USD 2T coronavirus relief package after marathon sessions. The historic legislation was passed by 96-vote just before midnight Wednesday. The package includes USD 500B in loans and assistance for large corporations, USD 300B for small businesses. Individuals will get USD 1200 for each adult and USD 500 for each child. Additionally, unemployment insurance will be expanded. There is also additional funding for hospitals.
Now, the House is set scheduled to vote on the package on Friday. House Majority Leader Steny Hoyer said the House will attempt to pass the bill through a voice vote, a process that would not require all members to be present. “In order to protect the safety of members and staff and prevent further spread of COVID-19 through Members’ travel, the Republican Leader and I expect that the House vote on final passage will be done by voice vote,” Hoyer wrote.