The House of Representatives has passed the $3 trillion stimulus bill aimed at combatting the economic fallout from the coronavirus crisis, but the bill, drafted by Democrats, isn’t likely to pass the Senate, controlled by Republicans, according to news reports.
Dubbed the “Heroes Act,” the bill would provide $500 billion for state governments, more direct payments to individuals and families, and hazard pay for frontline workers, Reuters writes.
The proposed bill would also extend the additional $600 in weekly federal unemployment benefits, introduced in the $2.2 trillion Coronavirus Aid, Relief and Economic Security Act, through January 2021, according to CNBC.com. Meanwhile, part-time workers, gig workers and the self-employed would be able to receive unemployment benefits through March 2021, the TV news channel’s website writes.
The Heroes Act would also extend the temporary suspension of student loans interest and payments, introduced by the Cares Act and set to expire on Sep. 30, 2020, through September 2021, according to CNBC.com. The suspension would also be expanded to all federal student loans, the TV news channel’s website writes.
Furthermore, the bill would provide around $100 billion in rental assistance to those unable to pay rent, and extend the ban on evictions for nonpayment, according to CNBC.com.
Rep. Steve Scalise, R-La., called the bill a “socialist giveaway,” according to Reuters. Senate Majority Leader Mitch McConnell, R-Ky., said the bill was “an unserious product from an unserious majority,” according to CNBC.com.
And before the bill passed the House by a vote of 208-199, President Donald Trump had promised to veto it, Reuters writes.
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