April 21, 2020
By Caity Witucki
BREAKING NEWS — Senate Approves Nearly $500 Billion CARES Act Expansion
On Wednesday, April 21, 2020, the U.S. Senate voted unanimously to approve a nearly $500 billion expansion to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The interim emergency relief bill provides:
- $320 billion for the Paycheck Protection Program
- $60 billion for economic injury disaster loans
- $75 billion for hospitals
- $25 billion for COVID-19 testing.
House majority leader, Steny Hoyer, has indicated that the House is prepared to vote on the expansion Thursday, April 23, 2020 around 10:00 AM eastern.
This is a developing story. We will provide updates as we learn more.