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House Dems Introduce $3 Trillion COVID-19 Relief Bill; McConnell Slams As...
• https://www.zerohedge.com, by Tyler DurdenHouse Speaker Nancy Pelosi (D-CA) will unveil the Democrats' latest attempt to 'never let a good crisis go to waste' on Tuesday.
According to CNBC, party leaders are set to vote on the more than 1,800 page package on Friday, as well as a plan to allow for proxy voting during the pandemic.
A summary via CNBC:
Nearly $1 trillion in relief or state and local governments
A second round of direct payments of $1,200 per person, and up to $6,000 for a household
About $200 billion for hazard pay for essential workers who face heightened health risks during the crisis
$75 billion for coronavirus testing and contact tracing — a key effort to restart businesses
An extension of the $600 per week federal unemployment insurance benefit through January (the provision approved in March is set to expire after July)
$175 billion in rent, mortgage and utility assistance
Subsidies and a special Affordable Care Act enrollment period to people who lose their employer-sponsored health coverage
More money for the Supplemental Nutrition Assistance Program, including a 15% increase in the maximum benefit
Measures designed to buoy small businesses and help them keep employees on payroll, such as $10 billion in emergency disaster assistance grants and a strengthened employee retention tax credit
Money for election safety during the pandemic and provisions to make voting by mail easier
Relief for the U.S. Postal Service