Rush Applauds Passage of Historic Coronavirus Legislation to Send Emergency Relief to Families, Workers, and Small Businesses
WASHINGTON — Today, U.S. Representative Bobby L. Rush (D-Ill.) applauded the passage of H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This historic piece of legislation provides direct cash payments to Americans, expands unemployment benefits, and makes available emergency grants and loans for small businesses across the 1st Congressional District of Illinois and the nation. The bill passed the House by voice vote.
“I am proud to support this historic piece of legislation, which will bring much needed relief to families, workers, and small businesses across my district and the nation,” said Rep. Rush. “I am particularly delighted to see that Democrats were able to secure strong concessions on behalf of the American people and ensure that mega corporations were not simply given a blank check while middle- and lower-income families were left out to dry.
“This legislation will also significantly expand unemployment benefits to include self-employed workers and those who service the gig economy, such as Uber and Lyft drivers. Additionally, this landmark bill will provide small businesses with hundreds of billions of dollars in relief and forgivable loans in order to keep their employees on payroll, and it encourages charitable donations to churches and other charitable organizations who have suffered financially due to this dreaded disease.
“I am equally happy to see that this bill takes care of our hospitals and healthcare workers, injecting $200 billion into our hospitals, Community Health Centers, and other health systems, as well as our research institutions. Moreover, we are ensuring funding for personal protective equipment most needed by the men and women on the frontlines in the fight against the coronavirus.
“I applaud my colleagues in the House and Senate for rising rise to the occasion and doing what is right for the American people during this pivotal moment in our nation’s history. I trust that the President will expeditiously sign this bill into law and give the American people the urgent relief they so desperately need.”
Here are just a few of the numerous initiatives in this historic piece of legislation that will benefit the residents of Illinois:
- A $150 Billion State and Local Coronavirus Relief Fund: Creates a $150 billion State and Local Coronavirus Relief Fund to provide states and localities additional resources to cope with the coronavirus pandemic. It is estimated Illinois will receive over $4 billion in desperately needed funds to benefit state residents.
- $260 Billion in Dramatically Expanded Unemployment Benefits: Includes numerous provisions to improve unemployment benefits including providing an additional $600 per week for the next four weeks, providing an additional 13 weeks of federally-funded benefits, and expanding eligibility to include workers in the gig economy and self-employed workers.
- Immediate Direct Cash Payments to Lower- and Middle-Income Americans: Provides for immediate, direct cash payments to lower- and middle-income Americans of $1,200 for each adult and $500 for each child, beginning to phase out at an annual income of $75,000 for an individual and $150,000 for a household. These payments will provide individuals with the cash they need right now to survive with much of the economy currently shut down.
- More Than $375 Billion in Small Business Relief: Provides more than $375 billion in small business relief, including $349 billion for forgivable loans to small businesses to pay their employees and keep them on the payroll, $17 billion for debt relief for current and new SBA borrowers, and $10 billion in immediate disaster grants and grants.
- Support for Nonprofits, Churches, and Charitable Organizations: Ensures that nonprofits who meet the requirements are eligible for small business loans, disaster loans, and grants, as well as reimbursement for some of their unemployment benefits. The bill also expands charitable tax deductions for donations to churches and other charitable organizations.
- Approximately $200 Billion for Our Hospitals, Health Care Workers, and Health Research: Provides an investment of about $200 billion in our hospitals, health systems, and health research, including expanding funding for the personal protective equipment desperately needed by our health care workers, including ventilators, N95 masks, gowns, gloves, etc.