Sep 28 | HEROES V.2

Updated: Oct 2, 2020

House Democrats have released a trimmed down version of The HEROES Act coming in at $2.2 Trillion instead of the $3.4 Trillion it was previously calculated to cost.

Nancy Pelosi released the statement and one pager at the bottom of this post, just ahead of a call with Steven Mnuchin with the intention of restarting negotiating talks. A vote on the bill is expected in the House by Thursday.

What's in the bill?

-Extension of the full $600 FPUC (retroactive to mid-September).

-Extension of unemployment weeks through January 2021 (According to Pelosi's office, we will likely see another relief bill negotiated in January).

-Remedying the mixed-source income issues that many were having in their UI/PUA claims.

-Small business legislation including a second round of PPP for hardest hit businesses and targeted relief for restaurants and independent live music venues (Save Our Stages).

-Healthcare support for unemployed people who have become uninsured.

-Rental and mortgage assistance.

-Funding for state and local governments.

-Funding for testing, tracing, vaccine development, and COVID treatment.

-Food assistance funding.

-Childcare and Education funding support.

-Second round of stimulus payments.

-Ensures workplace protections.

-And more.

The full text (2152 pages) of the bill is here.

The note from Pelosi and one page description of the bill are below.

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