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Policy · 116th Congress

Stimulus aims to lend to small business on good-faith pledge

</p> Under the bill, the Small Business Administration would provide the loans through its existing 7(a) program in amounts equal to two and a half months of payroll, with a maximum of $10 million.

Policy · 116th Congress

Stimulus bill gives Fed direct loan funds with few strings

But the bill would allow Treasury Secretary Steven Mnuchin to waive those restrictions “upon a determination that such a waiver is necessary to protect the interests of the Federal Government.”

Congress · 116th Congress

Schumer: Stimulus package deal on ‘2-yard line’

</p> [Health industry scrambles for funding in third coronavirus bill]</p> Just a day earlier, Pelosi had introduced a competing House bill that would offer more than $2.5 trillion to counter the pain

Congress · 116th Congress

Senators fight over last-minute adds to coronavirus aid bill

That’s up from $1,200, $2,400 and $500 in the Senate GOP bill.</p> The same income thresholds would apply — $75,000 for individuals and $150,000 for joint filer. 

Policy · 116th Congress

States press harder for direct aid in stimulus measures

</p> Drafts of the most recent bill to provide economic relief do not include direct cash payments to states, Matthew Chase, the executive director of the National Association of Counties, said late Monday

Policy · 116th Congress

Negotiators struggle to reach coronavirus stimulus deal

</p> “We’ll be introducing our own bill and hopefully it will be compatible with what they discussed on the Senate side,” she said.

Congress · 116th Congress

Democrats want bigger coronavirus appropriation in Senate bill

</p> A House Democratic aide, not authorized to speak publicly about ongoing negotiations, called the bill “a Senate Republican wish list,” adding that Democrats “are continuing to negotiate in good faith

Policy · 116th Congress

Senate delays vote as rifts deepen on coronavirus aid

</p> But in another potential setback for speedy action, Speaker Nancy Pelosi, D-Calif., said the House would offer its own legislative package even as the Senate works to complete its bill.