Child Nutrition Programs
For an additional amount for ''Child Nutrition Programs'', $8,800,000,000 to remain available until September 30, 2021, to prevent, prepare for, and respond to coronavirus, domestically or internationally: Provided, That such amount is designated by the Congress as being for an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985."
Other general key components of the bill include:
Direct payments to taxpayers from government.
$1,200 in direct payments to taxpayers with incomes up to $75,000 per year before starting to phase out and ending altogether for those earning more than $99,000. Families would receive an additional $500 per child.
Unemployment benefits will expand by extending unemployment insurance by 13 weeks and will include a four-month "enhancement" of benefits. The program will include freelancers, furloughed employees and gig workers, such as Uber drivers.
Provisional small business emergency loans.
The bill provides federally guaranteed loans, available at community banks, to small businesses that pledge not to lay off their workers. The loans would be available during an emergency period ending June 30 and would be forgiven if the employer continued to pay workers for the duration of the crisis.
Loans for distressed companies.
$425 billion would be available for loans for distressed companies and an additional $75 billion would be available for industry-specific loans - including to airlines and hotels. These funds would be controlled by the Federal Reserve.
$100 billion for hospitals and health systems across the nation. These funds would help supply personal and protective equipment, testing supplies, and new construction to house patients. Increased Medicare payments to all hospitals and providers would also be included.