Republican and Democratic leaders within the Home and Senate introduced on Sunday a compromise COVID-19 reduction invoice, a invoice that if handed and signed by President Trump will present monetary help to a lot of corporations within the leisure area.
The invoice consists of $15 billion earmarked particularly for stay occasion venues, impartial film theaters and cultural establishments, all companies hit laborious by the pandemic. It additionally expands the eligibility of the Paycheck Safety Program to incorporate native TV and radio broadcasters, in addition to newspapers.
The $900 billion invoice additionally gives direct funds of $600 per particular person to American households, in addition to some help for native municipalities and cash for vaccine distribution, amongst different issues.
The invoice itself continues to be being written, however a vote is predicted Monday. It nonetheless must cross each the Home and Senate, and to be signed into regulation by Trump.
As is usually the case with compromise payments like this one, the satan could also be within the particulars. It’s nonetheless unclear what film theaters would qualify as “impartial” and what TV stations can be eligible for PPP. These particulars must be launched within the last textual content of the invoice.
The deal doesn’t embody legal responsibility protections for companies, a matter some in Hollywood had been pushing for. That subject was initially a “pink line” for Republicans, as it could toughen the principles round whether or not an employer is liable if workers contract the illness whereas on the job.