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Senate strikes deal on $484 billion relief package for small business, hospitals, testing

Senate strikes deal on $484 billion relief package for small business, hospitals, testing

PUBLISHED TUE, APR 21 2020 | Lauren Hirsch @LAURENSHIRSCH | Yelena Dzhanova @YELENADZHANOVA

KEY pOINTS
  • The Senate reached a $484 billion coronavirus relief agreement that includes small business loans and funding for hospitals and testing.

  • It hopes to pass the bill Tuesday afternoon and send it to the House. 

  • The deal would allocate $320 billion more for the Paycheck Protection Program, $60 billion of which would be set aside for small lenders.

  • It would also offer $75 billion for hospitals and $25 billion for coronavirus testing.

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