COVID-19FinancialRegulatory

Democrats want to double CARES Act provider grants in fast-moving bill

April 8, 2020 / RACHEL COHRS

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday said they want to give providers an extra $100 billion in grant funds to fight COVID-19 in a funding package Republicans hope to pass as soon as this week.

Senate Republicans and the Trump administration plan to infuse an extra $250 billion into a small business loan program created in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Senate Majority Leader Mitch McConnell (R-Ky.) said he hoped to pass the additional funding on Thursday.

Pelosi and Schumer said in a statement Wednesday that they also want several other items included in the booster bill, including doubling the CARES Act’s $100 billion in provider emergency grants to be used in part to obtain protective equipment and COVID-19 tests. Other requests include $150 billion for state and local governments and expanding nutrition assistance programs.

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Chris J. Stewart

Chris currently serves as Chief Executive Officer of Surgio Health as well as Chief Operating Officer at Ortho Spine Partners. Prior to that, he was the assistant vice president and business unit leader of Medical Device Management for HealthTrust Purchasing Group (HPG).

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