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.
The full text (2152 pages) of the bill is here.
The note from Pelosi and one page description of the bill are below.