Insurifind May 19, 2020

House passes $3 trillion coronavirus relief bill dubbed HEROES Act

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PelosiWin McNamee/Getty Images

The House passed a $3 trillion coronavirus bailout, dubbed the HEROES Act, with a 208-199 vote.
Spanning 1,815 pages, the bill outlines a list of priorities, including another round of $1,200 stimulus checks, a raise for essential workers, and increased health insurance coverage.
Despite passage in the House, it is not likely to be backed by Senate Republicans, who have expressed disapproval of the bill.
During its unveiling by House Democrats earlier this week, Senate Majority Leader Mitch McConnell called the bill a “big laundry list of pet priorities” that has “no chance of becoming law.”
However, being signed into law is not entirely the mission of the HEROES Act.
“Instead, its passage was meant for Democrats to demonstrate their priorities and signal what they will fight for in a later bipartisan bill that could pass in June,” Business Insider’s Kimberly Leonard reported.
Visit Business Insider’s homepage for more stories.

The House passed a second $3 trillion bill aimed at providing relief and support to those impacted by the coronavirus pandemic on Friday.

The bill, known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act, follows the first coronavirus bailout signed into law in late March with bipartisan support, the CARES Act.See the rest of the story at Business Insider

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