Reduction of economic activity
In response to the COVID-19 pandemic, dramatic global reduction in economic activity occurred as a result of the social distancing measures … See more

Some individuals received checks in the mail, while others received direct deposits in their bank accounts. On May 18, the Treasury Department … See more

• The U.S. Postal Service received a $10 billion line of credit. On April 24, 2020 Trump attempted to use this loan as leverage for a new demand, as he threatened to block the emergency funding if the post office did not quadruple its prices for online … See more

Provisions
The Act includes the following provisions.
• Allocates $130 billion to the medical and hospital industries. Also including medical equipment manufacturers.
• Reauthorizes and allocates funding to public health programs. See more

Loans
The Act:
• Allocates up to $500 billion to the Exchange Stabilization Fund for assistance to eligible businesses, states, and municipalities. A business is eligible if it has significant … See more

• Department of Defense contractors may use their federal contracts to pay their employees and subcontractors up to 40 hours per week per worker while the worker can neither work on-site nor work remotely on a contract beginning January 31, 2020, through … See more

Initial criticism and negotiations
The House initially passed a tax cut bill in mid-2019 and sent it to the Senate, which then used it as a shell bill and added an amendment in the … See more