OPINION | This article contains the author's opinion.
Congressional leaders brokered a deal for a $900 billion relief bill according to The Seattle Times.
The bill would aid millions of struggling households through stimulus checks, enhanced federal unemployment benefits, aid for small businesses, schools, and child care, as well as for vaccine distribution.
The agreement contains Stimulus checks; jobless benefits; aid for businesses, schools, and child care; money for vaccine distribution.
The agreement has excluded: Aid for state and local governments; corporate liability protections.
– Stimulus checks
$600 stimulus checks per person, including adults and children.
– Jobless benefits
Congress will extend unemployment benefits of up to $300 per week for up to 11 weeks.
Colleges and schools will have $82 billion to cover HVAC repair and replacement and to reduce the risk of coronavirus infections and reopen classrooms.
– Relief for businesses
$284 billion for first and second forgivable Paycheck Protection Program (PPP) loans, expanded PPP eligibility for nonprofits and news outlets and modifications to the program to serve small businesses, nonprofits and independent restaurants.
– Emergency rental assistance and eviction moratoriums
A moratorium on evictions was slated to expire at the end of the year will be extended by one month. The incoming Biden administration can extend the deadline further.
The bill also includes $25 billion in emergency assistance to renters, though it remains unclear how the money will be distributed.
– School funding
$82 billion to cover HVAC repair and replacement and to reduce the risk of coronavirus infections and reopen classrooms.
– Other categories
Provides a tax credit to support employers offering paid sick leave; $13 billion in increased food stamps and nutrition benefits; $7 billion to increase access to broadband.
The bill will exclude:
– Aid to state and local governments
– Liability protections
– Unemployment and stimulus reductions