House passes relief bill

House passes relief bill

The U.S. House has passed the 484-Billion-dollar package
with relief for small businesses, including farms, and for hospitals. The bill
also expands COVID-19 testing funds.

The bulk of the money will go into the Paycheck Protection
Program – another $320-Billion – which farmers will be eligible for. It’s
designed to cover two months of wage costs. The bill also allows some farms to
participate in the SBA’s Economic Injury Disaster Loan program. Ag businesses
with fewer than 500 employees will be eligible.

Submit a Comment