Highlights of COVID-19, government funding law taking effect


The large, year-end catchall invoice that President Donald Trump signed into legislation combines $900 billion in COVID-19 help with a $1.4 trillion omnibus spending invoice and reams of different unfinished laws on taxes, power, training and well being care.

Highlights of the measure with total funding quantities and particular quantities for some however not essentially all initiatives.

COVID-19 RELIEF

Unemployment insurance coverage ($120 billion). Revives supplemental federal pandemic unemployment advantages however at $300 per week — by way of March 14 — as an alternative of the $600 per week profit that expired in July. Extends particular pandemic advantages for “gig” employees and extends the utmost interval for state-paid jobless advantages to 50 weeks.

Direct funds ($166 billion). Supplies $600 direct funds to people making as much as $75,000 per yr; $1,200 for {couples} making as much as $150,000 per yr — with funds phased out for increased incomes —- and $600 further funds per dependent little one.

Paycheck Safety Program ($284 billion). Revives the Paycheck Safety Program, which offers forgivable loans to certified companies. Particularly hard-hit companies that obtained PPP grants could be eligible for a second spherical. Ensures that PPP subsidies are usually not taxed.

Vaccines, testing, well being suppliers ($69 billion). Delivers greater than $30 billion for procurement of vaccines and coverings, distribution funds for states, and a strategic stockpile. Provides $22 billion for testing, tracing and mitigation, $9 billion for well being care suppliers, and $4.5 billion for psychological well being.

Faculties and universities ($82 billion). Delivers $54 billion to public Ok-12 colleges affected by the pandemic and $23 billion for schools and universities; $4 billion could be awarded to a Governors Emergency Training Reduction Fund; practically $1 billion for Native American colleges.

Rental help ($25 billion). Supplies cash for a first-ever federal rental help program; funds to be distributed by state and native governments to assist individuals who have fallen behind on their lease and could also be going through eviction.

Meals/farm help ($26 billion). Will increase stamp advantages by 15% for six months and offers funding to meals banks, Meals on Wheels and different meals help. Supplies an equal quantity ($13 billion) to farmers and ranchers.

Baby Care ($10 billion). Supplies $10 billion to the Baby Care Improvement Block Grant to assist households with little one care prices and assist suppliers cowl elevated working prices.

Postal Service ($10 billion). Forgives a $10 billion mortgage to the Postal Service supplied in earlier aid laws.

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OMNIBUS APPROPRIATIONS ($1.4 TRILLION)

The omnibus measure wraps 12 spending payments into one and funds company working budgets by way of Sept. 30 of subsequent yr. It combines Democratic priorities reminiscent of a $12.5 billion improve over current price range limits for home applications whereas chopping Immigration and Customs Enforcement detention and removing prices by $431 million. COVID-19 has contributed to sharply decrease prices. Republicans supported sustained protection spending, power provisions and longstanding bans on federal funding of abortion. The measure additionally offers President Donald Trump with a final, $1.4 billion installment for a wall on the U.S.-Mexico border.

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MISCELLANEOUS

The measure additionally incorporates greater than 3,000 pages of miscellaneous laws, reminiscent of:

Shock medical billing. Contains bipartisan laws to guard shoppers from large shock medical payments after receiving remedy from out-of-network suppliers.

Group well being facilities. Reauthorizes, for 3 years, funding for neighborhood well being facilities and extends quite a lot of expiring well being care insurance policies, together with reimbursement charges for varied well being care suppliers and procedures underneath Medicare and Medicaid

Tax extenders. Extends quite a lot of expiring tax breaks, together with decrease excise taxes on craft brewers and distillers. Renewable power sources would see tax breaks prolonged, as would motorsport amenities, and folks making charitable contributions. Enterprise meals could be 100% deductible by way of 2022 and out-of-pocket well being care prices could be deductible after they attain 7.5% of revenue. It might additionally lengthen favorable tax remedy for “look by way of” entities of offshore subsidiaries of U.S. companies.

Water tasks. Contains an virtually 400-page water sources invoice that targets $10 billion for 46 Military Corps of Engineers flood management, environmental and coastal safety tasks.

Clear power. Boosts “clear power” applications like analysis and improvement, effectivity incentives and tax credit. Phases out “superpollutant” hydrochlorofluorocarbons.

Training. Features a bipartisan settlement to forgive about $1.3 billion in federal loans to traditionally Black schools and universities and simplify school monetary help varieties. Boosts the utmost Pell Grant for low-income school college students by $150 to $6,495. Presents “second probability” Pell Grants to incarcerated prisoners.

Horse racing “doping.” Provides bipartisan laws by Majority Chief Mitch McConnell, R-Ky., to create nationwide medicine and security requirements for the horse racing business as lawmakers transfer to clamp down on using performance-enhancing medication that may result in horse accidents and deaths.

New Smithsonian museums. Establishes the Ladies’s Historical past Museum and the Nationwide Museum of the American Latino as new Smithsonian museums situated close to the Nationwide Mall.

Pipeline security. Folds in pipeline security laws reauthorizing working grants and security requirements for oil and gasoline pipelines.

Plane security. Provides, after the scandal involving Boeing 737 MAX crashes, laws to beef up the Federal Aviation Administration’s plane certification course of. Addresses human components, automation within the cockpit, and worldwide pilot coaching whereas authorizing practically $275 million over the subsequent 5 years to hold out the laws.

Intelligence applications. Reauthorizes intelligence applications for 2021.

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