US House passes legislation with $900 billion in coronavirus relief and $1.4 trillion to fund the govt

December 22, 20208:43 am

Among the key provisions in the bill, it adds a $300 per week federal unemployment supplement through mid-March and extends programs making freelancers and gig workers eligible for benefits. It sends payments of $600 to individuals who earn up to $75,000 and couples filing jointly who make up to $150,000. The bill adds another $600 for every child.

The measure puts $284 billion into Paycheck Protection Program small business loans. It directs more than $8 billion into vaccine distribution.

The bill would extend the federal eviction moratorium through Jan. 31 and fund $25 billion in rental assistance. It would direct $13 billion to food aid, $82 billion to education and $45 billion to transportation.

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Shekhar Yadav

I am a full time stock market investor. The blog is an extension of my research, thoughts & opinion. Please don't consider anything on this website to be an investment advise.

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