Senate approves $480 billion package
CNN reporting:
Updated 5:48 PM ET, Tue April 21, 2020
Senate approves $480 billion package to help small businesses and hospitals, expand testing
More details of what’s in the deal
Of the $310 billion authorized for the Paycheck Protection Program, $60 billion will be set aside for smaller lending facilities, including “community financial institutions, small insured depository institutions and credit unions with assets less than $10 billion.”
There will also be $10 billion for grants under the Emergency Economic Injury Disaster Loan program, $50 billion for disaster recovery loans
…
The deal will also provide $75 billion for hospitals and health care providers stretched thin by the pandemic to address coronavirus expenses and lost revenue and an additional $25 billion to facilitate and expand Covid-19 testing.
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