The Senate passed a historic emergency stimulus bill Wednesday night in an unanimous 96-0 vote in attempts to stop the bleeding from damage caused by the coronavirus pandemic.
Details of the bill of the 880 page bill, dubbed the Coronavirus Aid, Relief, and Economic Security Act (CARES, because who doesn’t like a pithy acronym in the middle of the apocalypse) are still emerging, but so far we know that many Americans will receive checks up to $1200 per adult and $500 per child.
The bill additionally creates a $500 billion lending program for businesses, cities and states, and a $367 billion employee retention fund for small businesses.
The bill also would direct $130 billion to hospitals and provide four months of expanded unemployment insurance.
The House will convene at 9AM on Friday to consider the package.
If you have time, and let’s be honest, you’re not doing anything else while quarantined, feel free to read all 880 pages below.cares-act