Trump signs $2.2 trillion coronavirus relief bill into law
March 27, 2020, 4:42PM EDT
1 min read
U.S. President Donald Trump has signed a more than $2 trillion stimulus bill that attempts to blunt the economic impact of the coronavirus pandemic.
The signing comes days after Senate leaders and representatives from the White House reached an accord on the stimulus bill tied to the coronavirus. In that time, the House of Representatives also approved the measure (though not without some 11th-hour drama over the nature of the vote itself).
The bill, weighing in at approximately $2.2 trillion, is the largest piece of stimulus legislation in modern American history.
The newly-signed Coronavirus Aid, Relief & Economic Security Act contains measures for both corporations and individuals affected by the pandemic. It features strengthened unemployment protections, relief payments to households and a $500 billion bailout fund for impacted industries. The bill also drew criticism throughout its passage from both parties over certain provisions that were ultimately included.
"At $2.2 Trillion Dollars, this bill will deliver urgently-needed relief for our nation’s families, workers, and businesses," Trump said in a tweet.