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Update: Senate Passes Fourth Stimulus Package

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April 22, 2020—The U.S. Senate passed the fourth coronavirus relief package that will provide additional help for small businesses on Tuesday, according to CNN.

The new relief package, which is $484 billion, includes $310 billion for the Paycheck Protection Program and small business loans, $10 billion for grants under the Emergency Economic Injury Disaster Loan Program and $50 billion for disaster recovery loans, according to CNN.

The new deal will also provide $75 billion for hospitals and health care providers to address coronavirus expenses and lost revenue, with an additional $25 billion to facilitate and expand COVID-19 testing, according to the report.

The bill now heads to the House, which is expected to vote on the package Thursday.

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