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ARTICLE · 31 MARCH 2020

COVID-19 Policy Update- March 25, 2020

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Early Wednesday morning, Senate and White House negotiators announced they had reached a deal on a $2 trillion Phase 3 economic stimulus package in response to the Coronavirus pandemic—

United StatesGovernment, Public Sector
G. Hunter Bates
G. Hunter Bates
Brian A. Pomper
Brian A. Pomper
James Tucker Jr.
James Tucker Jr.
M. Todd Tuten
M. Todd Tuten
Hans Rickhoff
Hans Rickhoff
Josh Teitelbaum
Josh Teitelbaum
Casey C. Higgins
Casey C. Higgins
Taylor Daly
Taylor Daly
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Senate Passes $2 Trillion Phase 3 Deal, Sends to House for Approval

Early Wednesday morning, Senate and White House negotiators announced they had reached a deal on a $2 trillion Phase 3 economic stimulus package in response to the Coronavirus pandemic—the Coronavirus Aid, Relief and Economic Security (CARES) Act. The announcement came after an intense five days of round-the-clock talks between Republicans and Democrats. The massive $2 trillion relief package—the largest in American history—includes significant funding for hospitals and health care providers, state, local and tribal governments, small businesses, unemployment insurance and payments to individuals.

After a long day spent ironing out details and finalizing text, the measure passed the Senate on Wednesday night with strong bipartisan support despite a last minute issue that arose among Republicans regarding unemployment insurance. As a result, the Senate voted first on an amendment offered by Sen. Ben

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