House Democrats released late Monday a new $2.2 trillion coronavirus relief package dubbed The Heroes Act — smaller than the $3.4 trillion Heroes act that passed the House in May.
The bill would, among other measures, restore $600 weekly unemployment benefits, provide $1,200 direct payments as well as more funds for the Paycheck Protection Program.
House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin — who’ve spoken over the weekend and on Monday — are continuing their talks this afternoon on ironing out a deal.
Pelosi Moday in a statement that “this $2.2 trillion Heroes Act provides the absolutely needed resources to protect lives, livelihoods and the life of our democracy over the coming months. It includes new funding needed to avert catastrophe for schools, small businesses, restaurants, performance spaces, airline workers and others.”
Democrats, she added, “are making good on our promise to compromise with this updated bill, which is necessary to address the immediate health and economic crisis facing America’s working families right now. We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now.”