Trump To Sign $484 Billion Economic Relief Bill, Includes PPP Refill

President Trump is set to sign another coronavirus-related economic relief package after it cleared the House on Thursday afternoon.

The package provides more than $484 billion in aid and is being signed just weeks after a historic $2.2 trillion stimulus package was similarly signed into law.

As Reuters reports, the House overwhelmingly approved of the legislation on Thursday and sent the bill to the president’s desk.

According to the report, many of the lawmakers wore masks and kept a distance from one another during an extended voting period in lieu of public health recommendations. The final vote was 388 to 5 (and one member having voted present).

The measure was previously approved by a voice vote in the Senate.

The Associated Press reports President Trump is expected to hold a signing ceremony on Friday to bring the needed aid into action to help Americans and businesses.

ABC News reports Trump expressed approval of the deal on Twitter, where he said: “I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing.”

— Advertisement —

According to ABC News, the legislation includes $310 billion for the Paycheck Protection Program:

The agreement also adds $60 billion for the Small Business Administration’s disaster relief fund, and farms and other agriculture enterprises would now be considered eligible.

It also provides an additional $75 billion to hospitals and $25 billion to testing, including resources for states.

Of the total amount dedicated to testing, there will be $11 billion given to states and localities “to develop, purchase, administer, process and analyze COVID-19 tests.”

As of Friday morning, the coronavirus has killed just over 50,000 Americans and has resulted in 26 million Americans filing unemployment.