4.27.20
On April 24, the president signed the Paycheck Protection Program and Healthcare Enhancement Act (often referred to as Phase 3.5 or CARES Act 1.5) after the House passed the bill by a margin of 388-5 on April 23 and the Senate passed the bill by unanimous consent on April 21. The $484 billion package provided funding for the Small Business Association’s Paycheck Protection Program (which had run out of funds), as well as for hospitals and COVID-19 testing.
Read the entire blog post here.