Press Release: Senate Approved 2020 Two Trillion Economic Stimulus Package

Posted by Kathryn Vallee on Thursday, March 26th, 2020 at 6:43am.

 

Press Release

March 2020

Two Trillion economic Stimulus Package

In response to the Coronavirus Virus pandemic the Senate passed the biggest fiscal stimulus package in U. S. History. The Senate just approved a $2 trillion economic stimulus package,  for businesses, healthcare , and Americans. Click on this link to read the Bill.   Senate Majority Leader, Mitch McConnell stated, "This isn't even a stimulus package. "It is emergency relief. Emergency relief. That's what this is."

  • $350 billion plus to aid small businesses.
  • $150 billion to hospitals and other health-care providers for equipment and supplies.
  • In early April: Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.
  • 4 months of Unemployment insurance extension, plus an extra $600 weekly, with more workers eligible.
  • $500 billion for distressed companies, including industry-specific loans for airlines, hotel companies and others.

In order to combat the COVID-19 virus there have been restrictions and Social distancing preventions in place that will stop commerce for many business in the U.S.  Here are a few resources to assist businesses and Americans to get through these challenging times.

Link to forbearance info:

https://www.knowyouroptions.com/opti.../overview/forbearance

Link to Unemployment Insurance Benefits in Utah

https://jobs.utah.gov/ui/home/initialclaims

Link to Economic Injury Disaster Loan:

https://www.benefits.gov/benefit/1504

Small Business Guidance and Loan Resources

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

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