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$ 900 Billion COVID-19 Relief, Summary Invoice Highlights

The large-scale year-end catch-all bill passed by Congress includes $ 900 billion in COVID-19 aid, a $ 1.4 trillion omnibus spending bill, and other unfinished bills on taxes, energy, education, and health care. It is a combination. It is waiting for the signature of President Donald Trump.

Highlights of measures, including, but not all, the overall funding and specific amounts of some initiatives.

COVID-19 relief

Unemployment insurance ($ 120 billion). Revives the supplementary federal pandemic unemployment allowance, but instead of the $ 600 weekly allowance that expired in July, it’s $ 300 a week (until March 14). Extend special pandemic benefits for “gig” workers and extend the maximum period of unemployment benefits paid by the state to 50 weeks.

Direct payment ($ 166 billion). We offer $ 600 direct payments to individuals up to $ 75,000 a year and couples up to $ 150,000 a year. Payments will be phased out and an additional $ 600 will be paid for each dependent child.

Paycheck protection program ($ 284 billion). Revives the Paycheck Protection Program, which provides loans to eligible companies. In particular, companies that have been hit hard by receiving PPP grants will be eligible for the second round. Prevents PPP subsidies from being taxed.

Vaccines, tests and healthcare providers ($ 69 billion). We will provide over $ 30 billion for vaccine and treatment procurement, state distribution funding, and strategic stockpiling. Add $ 22 billion to testing, tracking, and mitigation, $ 9 billion to healthcare providers, and $ 4.5 billion to mental health.

Schools and universities ($ 82 billion). We will provide $ 54 billion to schools from public kindergartens to high schools affected by the pandemic and $ 23 billion to universities. $ 4 billion will be awarded to the Governor’s Emergency Education Relief Fund. Nearly $ 1 billion for Native American schools.

Rental support ($ 25 billion). Funds the first ever federal rental assistance program. Funds distributed by state and local governments to help those who may be rented and facing evictions.

Food / agricultural assistance ($ 26 billion). Increase stamp benefits by 15% for 6 months to fund food banks, meals on wheels and other food aid. We will provide the same amount ($ 13 billion) to farmers and ranchers.

Child care ($ 10 billion). We will provide $ 10 billion in childcare development block grants to help families with childcare costs and help providers cover increased operating costs.

Postal service ($ 10 billion). Allows a $ 10 billion loan to the post office provided by the previous bailout law.

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Omnibus budget ($ 1.4 trillion)

The Comprehensive Bill will combine 12 spending bills into one and fund government agencies’ operating budgets until September 30th next year. This combines democratic priorities, such as exceeding the existing budget limits of domestic programs by $ 12.5 billion, and reduces immigration and tariff enforcement detention and removal costs by $ 431 million. COVID-19 contributes to significant cost savings. Republicans upheld a long-standing ban on federal funding for sustainable defense spending, energy supplies, and abortion. The bill will also provide President Donald Trump with a final $ 1.4 billion installment payment on the US-Mexico border wall.

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Other

The bill also includes other laws with more than 3,000 pages, including:

Surprising medical billing. It includes bipartisan legislation to protect consumers from enormous surprise medical costs after being treated by a provider outside the network.

Community Health Center. We will re-approve funding for community health centers for three years and extend various expired healthcare policies, including reimbursement rates for various healthcare providers and procedures under Medicare and Medicaid.

Tax increaser. Extend various expiring tax deductions, such as reducing excise taxes on craft beer breweries and distilled liquor manufacturers. Renewable energy sources, like motorsports facilities and charitable donors, will have extended tax cuts. Business meals are 100% deductible until 2022, and out-of-pocket medical expenses are deductible after reaching 7.5% of your income. It will also extend tax incentives for “look-through” entities in offshore subsidiaries of US companies.

Water project. It contains nearly 400 pages of water resources bills targeting $ 10 billion for flood control, environmental and coastal conservation projects of 46 Army Corps of Engineers.

Clean energy. We support “clean energy” programs such as R & D, efficiency incentives and tax credits. The “super pollutant” hydrochlorofluorocarbon will be phased out.

education. It includes a bipartisan agreement to allow a federal loan of approximately $ 1.3 billion to a historic black college and simplify the college’s financial assistance form. Raise the maximum Pell Grant for low-income college students from $ 150 to $ 6,495. Offer a “second chance” Pell Grant to prisoners imprisoned.

Horse racing “doping”. Adds bipartisan legislation by Republican majority leader Mitch McConnell and creates national medication and safety standards for the horse racing industry to limit the use of performance-enhancing drugs that can lead to horse injuries and deaths To do.

The new Smithsonian Museum. Established the Women’s History Museum and the Latin American National Museum as new Smithsonian Museums near the National Mall.

Pipeline safety. Folding of the Pipeline Safety Act to reapprove oil and gas pipeline operational subsidies and safety standards.

Aircraft safety. After the Boeing 737 MAX crash scandal, legislation was added to strengthen the Federal Aviation Administration’s aircraft certification process. While addressing human factors, cockpit automation, and international pilot training, we will approve approximately $ 275 million in legislation over the next five years.

Intelligence program. Re-approve the 2021 Intelligence Program.

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$ 900 Billion COVID-19 Relief, Summary Invoice Highlights

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