After several days of negotiations, the U.S. Senate is voting tonight on a third bill to combat the coronavirus crisis. Whereas the first two bills focused on funding medical research and providing economic support to victims of the virus, the “Phase 3” stimulus bill is a massive rescue package for the broader American economy. It would cost over $2 trillion – more than ten times the amount spent on the first two coronavirus bills combined, and more than double the cost of the American Recovery and Reinvestment Act, which was the largest stimulus bill enacted following the 2008 financial crisis.
So how does Congress propose to allocate the most-expensive economic rescue package in American history? Here are the key provisions, published on Forbes.