03-25-2020, 01:40 PM
The two trillion dollar coronavirus aid/relief negotiations are reportedly being finalized today.
Hoping the bill passes both the Senate and the House by tomorrow, and that President Trump just signs off on it.
Here are some of the provisions included in the latest draft.
Big Businesses
About $500 billion can be used to back loans and assistance to companies, as well as state and local governments.
Airlines
$25 billion in strings-attached grants and $25 billion in loans to passenger carriers, $3 billion to airline contractors providing ground staff such as caterers, while cargo haulers would see $4 billion in grants.
Small Businesses
More than $350 billion to aid small businesses.
Restrictions on Business Aid
Any company receiving a government loan would be subject to a ban on stock buybacks through the term of the loan plus one additional year. They also would have to limit executive bonuses and take steps to protect workers.
(continued)
Hoping the bill passes both the Senate and the House by tomorrow, and that President Trump just signs off on it.
Here are some of the provisions included in the latest draft.
Big Businesses
About $500 billion can be used to back loans and assistance to companies, as well as state and local governments.
Airlines
$25 billion in strings-attached grants and $25 billion in loans to passenger carriers, $3 billion to airline contractors providing ground staff such as caterers, while cargo haulers would see $4 billion in grants.
Small Businesses
More than $350 billion to aid small businesses.
Restrictions on Business Aid
Any company receiving a government loan would be subject to a ban on stock buybacks through the term of the loan plus one additional year. They also would have to limit executive bonuses and take steps to protect workers.
(continued)