Congress Approves COVID-19 Emergency Funds
On March 5, the U.S. Senate joined the U.S. House of Representatives in passing H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020. The measure, introduced by House Appropriations Chair Nita Lowey, will provide approximately $7.8 billion in emergency funding to help combat COVID-19, also known as the Coronavirus. The bill is now headed to the White House.
Funding in the legislation would go towards reimbursing state and local governments for the cost of preparing for and fighting the virus. This would include $3.1 billion to stockpile medical supplies, $300 million towards government purchases of tests, vaccines and therapies to ensure access regardless of financial circumstances, and $20 million for the Small Business Administration’s (SBA) Disaster Loans Program Account. For additional information, including to see text of H.R. 6074, please click here
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