House Passes $2.2 Trillion Coronavirus Stimulus Bill

Payments of up to $1,200 to millions of Americans and tax breaks to businesses are included in the stimulus package.

house passes 2 trillion bill
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WASHINGTON, DC - MARCH 27: U.S. Speaker of the House Nancy Pelosi (D-CA) talks with reporters as she arrives at the U.S. Capitol on March 27, 2020 in Washington, DC. The House of Representatives is scheduled to vote today on the stimulus bill intended to combat the economic effects caused by the coronavirus pandemic. (Photo by Win McNamee/Getty Images)

house passes 2 trillion bill

The House approved a $2.2 trillion stimulus package aimed at curbing the financial impact of the novel coronavirus on Friday.

Included in the measure are payments of up to $1,200 to millions of Americans and loans to businesses.

"Today we've all acknowledged our nation faces an economic and health emergency of historic proportions," House Speaker Nancy Pelosi said. Previously, Trump asserted that he would sign off on the bill immediately after it passed the House.

Libertarian Rep. Thomas Maisie of Kentucky wanted to slow the move by demanding a roll call vote, a request which was refused.

As has been widely discussed in recent days, the package is the result of intense negotiations between Democrats and Republicans, as well as members of the Trump administration, with one of the leading complaints early on from Democrats being that the initial version of the bill placed greater emphasis on assisting corporations instead of employees.

As for how quickly affected Americans will receive their respective payments, Jack Dorsey of Twitter stepped up to the plate this week with a timely suggestion of the White House making good use of services like Cashapp in order to ensure swift and modern delivery:

Jack is right. Listen to him, White House.

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