WASHINGTON – Today, Representative Chrissy Houlahan (D-PA) voted to pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a historic, bipartisan stimulus package to deliver urgently needed relief to those in her community and across the country who have are being impacted by the coronavirus.
“While this bill is not perfect and should’ve been passed a week ago, I’m glad I was able to vote to pass it today and get it to the President’s desk for signature,” said Houlahan. “Pennsylvanians and our nation need relief, and we need it now. Health care workers on the front lines of fighting this pandemic are in desperate need of personal protective equipment. Small business owners, the backbone of our economy, need grants and low interest loans to weather this crisis. Families and individuals need money in their pockets – for food, rent, medicine, and more. This bill, coupled with the previous two relief packages, helps the people who need it most. There is still work to be done, and I want my community to know I’m here fighting for them every step of the way.”
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, among other things, provides:
An estimated $4.964 billion to Pennsylvania for additional resources to cope with the pandemic, including for purchasing personal protective equipment (PPE) and testing supplies
$200 billion investment in hospitals, health systems and health research
$260 billion investment in enhanced unemployment compensation benefits to support laid-off or furloughed workers, including for self-employed, contract and gig economy workers
$349 billion for forgivable loans to small businesses to pay employees and keep them on the payroll
$17 billion for debt relief for current and new small business borrowers
$10 billion in immediate disaster grants of up to $10,000 for small businesses
More than $100 million for PPE for our nation’s first responders
Provides for automatic, direct cash payments to many Americans of $1,200 for each adult and $500 for each child, phasing out for individuals making more than $75,000 and families making more than $150,000. This includes those receiving Social Security or disability, as long as they filed a tax return. These payments will provide the cash needed right now to help stimulate economic activity.