House Democrats announced a sweeping new coronavirus stimulus bill on May 12. The $3 trillion relief package is intended to help offset the toll the coronavirus pandemic has taken on American lives and wallets.
The House is expected to vote on the proposal on Friday, though the bill is unlikely to be approved by Republicans in the Senate.
Here’s what’s in it:
- The bill is known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act.
- Following the CARES Act, it provides a second round of $1,200 direct payments to Americans.
- It also extends the CARES Act’s $600-per-week extra unemployment insurance until January 2021.
- It provides $875 billion assistance to state and local governments.
- It includes a $200 billion "Heroes' Fund" so that essential workers can get hazard pay.
- It provides an additional $75 billion for coronavirus testing and ensures that all Americans could receive free coronavirus treatment.
- It designates $100 billion in emergency assistance to protect renters and homeowners.
On March 27, President Donald Trump signed $2 trillion stimulus plan—the largest economic rescue package to date in U.S. history. If this new bill is signed into law, it will surpass the last one in size and scope.
However, Republicans have been vocal about opposing the bill.