After months of negotiation, congressional leaders announced on Sunday that a deal had been reached for $900 billion in additional pandemic relief for individuals and businesses. Passed late Monday night be both the Senate and the House, the bill will now be in front of President Trump for approval today – all signs point to Trump signing off on the package today, averting a government shutdown.

Here are the key provisions of the stimulus package:

  • $600 direct payments for qualifying adults and children
  • Economic assistance for struggling small businesses, including more than $284 billion for forgivable Paycheck Protection Program loans and $15 billion for theaters, cultural institutions, and other venues
  • $300 per week for enhanced unemployment insurance benefits
  • $25 billion for rental assistance and an eviction moratorium extension
  • $82 billion for schools and colleges
  • $10 billion to help with childcare assistance
  • $13 billion in increased food assistance and child nutrition benefits
  • $7 billion to bolster broadband access across the country
  • Support for coronavirus vaccine distribution, testing and contract tracing efforts
  • A tax credit “to support employers offering paid sick leave”

For a guide to small business emergency loans, access information from our partners at the U.S. Chamber of Commerce:

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