WASHINGTON – The Senate approved its largest emergency aid package in modern history that will offer $2 trillion to help Americans, hospitals and businesses weather the effects of the coronavirus. The vote late Wednesday night was 96-0.
The bill will now go to the House for approval before it’s sent to President Donald Trump for his signature.
House Majority Leader, Rep. Steny Hoyer, D-Md., announced that the House will vote on the $2 trillion bill Friday, and that they will convene at 9 a.m.
“We expect the bill to pass by voice vote,” he said.
Among the provisions offered in the measure are one-time $1,200 checks to individuals, $367 billion in loans and grants to small businesses, over $130 billion for hospitals and community health centers and financial help to airlines and other industries hit hard by the virus.
Read the bill::Full text of the $2 trillion coronavirus stimulus bill
The massive package aims to offer a financial lifeline to Americans and businesses that are hurting while also offering reassurance to the markets, which have seen some of its worst days in decades due to the virus’ impacts on the economy. Already, COVID-19 has killed more than 1,000 people in the U.S. and infected more than 68,500. Efforts to mitigate its spread has left businesses closed and many Americans out of work.
The emergency aid package is the third Congress has taken up to offset the effects of the virus. Wednesday’s vote capped off days of tense, round-the-clock negotiations between the Trump administration and leaders of the House and Senate.