US Senate Passes $2 Trillion Coronavirus Bill
This Will Help Decrease the Country’s Economic Recession
To fight the pandemic, US Senate passes $2 trillion coronavirus bill, which will be used to help the general population of the United States during these challenging times. The bill was passed on Wednesday, March 25. US Senate passes $2 trillion coronavirus bill, which will help soften the economic strain on all businesses and workers in America. The 880-page bill was passed after a unanimous 96-0 vote in the Senate and helped thousands of struggling businesses along with direct cash payments to American citizens and unemployed individuals.
Division of the bill
The full payments are due to receive within three weeks. As the coronavirus outbreak continues to spread far and wide, hospital staff and first responders are suffering from a shortage of medical pieces of equipment. US Senate passes $2 trillion coronavirus bill out of which $100 billion would be given to all hospitals across the country to be used in assistance of managing the outbreak.
Out of the $2 trillion, $500 billion would be provided to corporations, which includes cruise lines and airline industries, $350 billion to be given for the assistance of small business owners, and $150 billion are to be set aside for state and local funding. All laid-off workers are to receive $600 on average per week for the next four months during the coronavirus pandemic.
US Senate passes $2 trillion coronavirus bill, which prohibits borrowing funds for businesses that are controlled by United States President Donald Trump, Vice President Mike Pence, and all heads of the executive departments and members of the Congress committee. US Senate passes $2 trillion coronavirus bill and is motivated to act quickly as the rate of unemployed individuals has been increasing, and several businesses are forced to shut down amid the coronavirus.
This package as US Senate passes $2 trillion coronavirus bill is the third time Congress has accepted. The first bill of %8.3 billion was passed to be used for multiple health agencies across the country, and the second bill compression of $100 billion was aimed to provide free of cost testing kits for COVID 19 along with helping unemployed citizens. In the last week, more than 3 million American citizens have filed for unemployment due to the coronavirus outbreak, which has caused widespread fear across the world.
What does the bill contain?
US Senate passes $2 trillion coronavirus bill, which will be used to help the American population as the rate of unemployment is surging. The bill will help the general population and the corporate world.
The bill includes tax breaks, injection of loans and multiple direct payments for major corporations across the country along with individual taxpayers, which will help as the country’s economy is in recession following the massive shut down across the country and people are avoiding social interaction with others amid the coronavirus outbreak as the death toll in the United States have surpassed 1,000 individuals out of 68, 000 people who are affected by the pandemic.
The bill as US Senate passes $2 trillion coronavirus bill is scheduled to be signed by President Donald trump and be put into effect immediately on Friday.
In order to protect the safety of the staff and members of the legislature, the vote on Friday would be conducted through voice vote that will prevent the risk of further spread of COVID 19. This method is effective but has the potential to drag the process as all house members have the authority to demand a roll call vote.
The voice-over method is put into effect as three congress members are tested positive for the COVID 19 and are under self-isolation periods in their private residences. Health officials in the United States have warned that even though Trump has suggested that work will resume back to normal from April 20, the virus could still be potentially spreading after the time limit.