Checking In: An Update from Congress
I hope you, your family, and loved ones are staying safe and healthy as we continue our collective effort to slow the spread of the virus. I wanted to email you today to let you know about some of the most recent actions Congress has taken to address the ongoing coronavirus outbreak.
Democrats in the House and Senate worked together tirelessly to negotiate with the White House to produce a bold, bipartisan deal to address our urgent public health needs, support front line responders, protect workers, and assist small businesses. The final, improved bill is a $2.2 trillion stimulus package that goes well beyond the initial bill proposed by Senate Majority Leader Mitch McConnell and Senate Republicans. I was proud to be in D.C. to help ensure its timely, unanimous passage in the House. The President went on to sign the bill the same day and the Administration is now working to implement the CARES Act to get this help straight to those who need it most.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes key provisions to help American families and businesses across the country. This remains first and foremost a public health crisis. Until we end the pandemic, we cannot expect to begin the process of a full economic recovery. That's why I led the effort to secure over $100 billion in direct funding for hospitals and health care systems. It’s still true that the most important thing each of us can do is to follow the guidance of the Illinois Department of Public Health and the CDC. Stay home, save lives and help us return to normalcy by flattening the curve.
Given the unprecedented nature of this challenge—and the need for intense social distancing—our small businesses are under incredible strain. In order to ensure the survival of the small business community, this bill provides $376 billion to facilitate access to capital and directly support small businesses. Specifically, it allocates $349 billion for forgivable loans to small businesses to pay employees and keep them on payroll. It also includes $17 billion in debt for current and new SBA borrowers and $10 billion for disaster loans.
The CARES Act also provides assistance to individuals who have been most directly impacted by this crisis. Most Americans will receive a direct payment of $1,200, with larger sums provided to married couples and families. For more information on these stimulus payments or other components of the CARES Act, please visit my website at quigley.house.gov/coronavirus where I will provide guidance from the IRS as soon as it becomes available.
You can visit quigley.house.gov/coronavirus for comprehensive information on CDC guidance for fighting coronavirus, updates on Congress' latest action to keep our nation health, and local resources for you, your families, and your businesses.
You can continue to contact me or my staff through my website at quigley.house.gov/contact or by phone at (202) 225-4061 or (773) 267-5926.
For the latest information from the Centers for Disease Control and Prevention please visit cdc.gov/coronavirus.
For the latest information from the Chicago Department of Public Health, please visit Chicago.gov/coronavirus.