The 880-page stimulus bill provides over $2 trillion in assistance to individuals, small and large businesses, hospitals and the healthcare system. It will give direct payments of $1,200 to most Americans along with $500 per child. It also expands unemployment benefits by $600 per week for 4 months and extends the benefits by 13 weeks. The bill allocates $350 billion in loans for small businesses to maintain payroll and hundreds of billions in loans and investments for large corporations and industries like airlines. It also provides $150 billion to states and local governments to fight the pandemic.

1. THE CORONAVIRUS STIMULUS BILL
MARCH 26, 2020

2. THE CORONAVIRUS
STIMULUS BILL
How it helps you

3. $2T CORONAVIRUS
STIMULUS
This is a rare legislative agreement from Congress
that will have an immediate and lasting impact on ordinary
citizens across the U.S.

4. In response to the global pandemic,
Congress has assembled a stimulus bill that grants
cash and assistance for regular Americans
and businesses.
What makes up the
$2T CORONAVIRUS
STIMULUS BILL?

5. Why it Matters

6. THE CARES ACT
The 880-page bill includes thousands of dollars
in direct payments to most Americans, and huge
loan packages designed to help small businesses
and corporations.

7. What’s in the Bill?

8. Here are the highlights
of the 880-page bill.

9. INDIVIDUALS RECEIVE DIRECT PAYMENT
Single
Americans
Couples
Parents
$1,200
$2,400
$500
(underaged
child #1)
$500
(underaged
child #2)
$500
(underaged
child #3)
$1,200
$2,400
$500
(underaged
child #1)
$500
(underaged
child #2)
$500
(underaged
child #3)
Payments phase out for individuals
with gross incomes of more than
$75,000.
Thresholds are doubled
for couples.
Individuals who make more than
$99,000 do not qualify.

10. USE OF
RETIREMENT FUNDS
The bill waives the 10% early withdrawal penalty
for distributions up to $100,000 for coronavirus-related
purposes, retroactive to Jan. 1.

11. STUDENT LOAN PAYMENTS
SUSPENDED
As decided by the Department of Education,
the suspension of payments are without penalty
through September 30.

12. SMALL BUSINESSES
being dedicated to prevent
layoffs and business
closures while workers
stay home during the
outbreak.
$350
BILLION
that maintain
their payroll during
Coronavirus can receive
up to 8 weeks of
cash-flow assistance.
COMPANIES
BELOW 500
EMPLOYEES
Coverage of payroll costs
If employers maintain
payroll, the portion
of the loans will be
forgiven, including:
Interest on mortgage
obligations
Rent and utilities

13. THE UNEMPLOYED
It also extends UI benefits through Dec. 31 for eligible workers and applies to the self-employed,
independent contractors, and gig economy workers.
The program's $250 billion extended
unemployment insurance program expands
eligibility.
$250 BILLION
Offers workers an additional $600/week
for four months, on top of what state
programs pay.
$600 / WEEK

14. BOOSTED
UNEMPLOYMENT
BENEFITS
Lawmakers want to add up to
13 weeks of extended benefits that
are fully covered by the
federal government.
In a historic boost, the federal government
will give jobless workers an extra $600 a
week for four months on top of their state
benefits.
$600 / WEEK
13 WEEKS

15. The deal has pushed for a new pandemic unemployment
assistance program which would provide benefits to those
whose work was affected by the virus and don’t qualify for
traditional benefits.

16. HOSPITALS AND HEALTH CARE
Over $140
Billion is
provided to
support the
U.S. health
system
Will be for personal and protective equipment of health care
workers, testing supplies, increased workforce and training,
accelerated Medicare payments, and supporting the CDC,
among other health investments.
Will be injected directly into hospitals.
$100 BILLION
$40+ BILLION

17. CORONAVIRUS TESTING
All testing and potential vaccines for COVID-19
will be covered at no cost to patients.

18. Allotted to provide loans, loan
guarantees, and other
investments, overseen by a
Treasury Department inspector
general. These loans will not
exceed five years and cannot be
forgiven.
LARGE CORPORATIONS
$500
BILLION
to be allotted for
large corporations

19. $500
BILLION
AIRLINES WILL RECEIVE
allotted for large
corporations
From the
for passenger
air carriers
for cargo
air carriers
$50
BILLION
$8
BILLION
AIRLINES

20. PAYROLL TAXES
The measure allows individuals to delay the payment
of their 2020 payroll taxes until 2021 and 2022.

21. STATES
AND LOCAL
GOVERNMENTS
States and local
governments will get
with $8 billion set aside for tribal
governments.
$150
BILLION

22. AGRICULTURE
The deal would increase the
amount the Agriculture
Department can spend on
its bailout program from
$30 Billion to
$50 Billion

23. The House plans to vote on the package
via a voice vote on Friday.
THE SENATE PASSED
THE BILL LATE
WEDNESDAY NIGHT

24. This gives members who wish to debate the bill
in person the option to do so,
while also enabling those unable to return to Washington
during coronavirus an option to stay in their home districts.