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| Sarah Silbiger/Bloomberg via Getty Images
The House of Representatives approved legislation Thursday that would give roughly $480 billion to help small hospitals and business and expand testing for the coronavirus.
The vote was approved 388-5. The bill previously passed in the Senate, and will now head to the Oval Office in the White House for the president to sign. He has previously expressed support for the bill.
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....to State/Local Governments for lost revenues from COVID 19, much needed Infrastructure Investments for Bridges, Tunnels, Broadband, Tax Incentives for Restaurants, Entertainment, Sports, and Payroll Tax Cuts to increase Economic Growth.— Donald J. Trump (@realDonaldTrump) April 21, 2020
Here’s what the bill includes:
- $310 billion into the Paycheck Protection Program
- $75 billion in grants to help hospitals
- $60 billion to the Small Business Administration disaster assistance grants and loans
- $25 billion to help coronavirus funding.