September 15, 2020 / Sarah Hansen, Forbes Staff
After weeks of stalled negotiations over the next round of federal coronavirus aid, a bipartisan group of 50 House lawmakers has prepared a new proposal designed to bring together Washington’s bitterly divided factions and restart negotiations ahead of the November election. Here’s what you need to know about the long-shot plan.
- The proposal includes another round of $1,200 direct payments to individuals, plus $500 per child and dependent adult—a provision that Democrats, some Republicans and the White House all support.
- It would re-up the Paycheck Protection Program for small businesses with another $95 billion and reappropriate the remaining $145 billion from the first round of the program.
- It would revive federal supplemental unemployment benefits at a level of $450 per week for eight weeks, then replace lost wages up to $600 per week (with a cap to make sure the benefits don’t exceed lost income) for five weeks after that.