Congress agreed to a coronavirus stimulus bill after negotiations stalled for months. Congress has agreed to a coronavirus stimulus bill. The economic relief bill will be attached to the fiscal year 2021 “omnibus,” which funds the federal government. By combining these two measures into a one year-end spending package, Congress will keep the federal government operational and offer pandemic relief to small businesses and individuals. Congress also included an extension of expiring tax provisions, known as tax extenders, as well as other pieces of legislation in the spending measure.
The measure includes $1.4 trillion plus a $900 billion coronavirus relief package that incorporates $12 billion for Community Development Financial Institutions. It extends the eviction moratorium and expands Emergency Rental Assistance. It also provides $284 billion for another round of Paycheck Protection Program loans to small businesses.
Full bill text of the “Consolidated Appropriations Act, 2021” AKA COVID Relief Bill: https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-116HR133SA-RCP-116-68.pdf