The $3 trillion United States Coronavirus stimulus package was agreed by the Democrats without input from Republicans, or the White House, about $1 trillion would go to state, local and tribal government.
The proposal Coronavirus stimulus bill is is led by House Speaker Nancy Pelosi, if signed into law by Donald Trump will be the largest economic bailout package agreed by any government worldwide to deal with the Covid-19 pandemic.
The bill included nearly $1 trillion for state, local and tribal governments and territories, an extension of unemployment benefits and another round of $1,200 direct payments to American families. The measure would also provide a $25 billion bailout for the Postal Service — which the beleaguered agency has called a critical lifeline, but President Trump has opposed — and $3.6 billion to bolster election security.
It also includes another round of direct stimulus payments to individuals, hazard pay for essential workers on the front lines of the pandemic and money to help allow voters to mail in ballots for the November elections.
The bill would provide $1,200 paid to individuals while a maximum of $6,000 will be paid per household. $600 will be given as extra in weekly unemployment insurance while student loan payments will be paused through September, creating a new $175 billion benefit that would subsidize rent and mortgage payments for Americans.
All dependents would be eligible for payments, instead of only children under 17, meaning that college students and adult dependents would qualify.
The bill also includes $915 billion for state, local, territorial and tribal governments. Another $755 million would be allotted for the District of Columbia, which argued it was shortchanged in an earlier bill.
The House Speaker, named the proposal, the Heroes ACT, while announcing the historic package in a televised address from the Capitol Tuesday. If the bill is passed into law it’ll surpass the $2 trillion Coronavirus stimulus package agreed bipartisanly and signed by Trump in March.
Lawmakers are expected to vote on the bill on Friday, but it is dead on arrival in the GOP-controlled Senate and is not expected to get any Republican support in the House.