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- Economic Outlook
House Democrats Propose the Heroes Act
House Democrats unveiled a massive $3-trillion virus-relief bill Tuesday, combining aid to state and local governments with direct cash payments, expanded unemployment insurance and food stamp spending as well as funds for voting by mail and the U.S. Postal Service. A vote is likely on Friday.
While the bill is not supported by House Republicans (or expected to become law), it is the opening salvo for the next COVID-19 relief package, which will likely face protracted negotiations between the White House and Congress.
House Democrats prepared the below summaries, which make a number of changes to programs in the CARES Act, including to the Payroll Protection Program (PPP).
The COVID–19 Housing Economic Relief and Oversight Act of 2020 - Section-by-Section