Stimulus talks resume as dealmakers push for another round of checks. Here's everything you need to know about the rescue package

  • House Democrats are taking another shot at passing a coronavirus stimulus bill just five weeks before Election Day.
  • The latest bill is a scaled-down version of the HEROES Act that House Democrats passed in May. 
  • It includes another round of $1,200 checks, a boost to unemployment payments, and $225 billion for schools and colleges. 
  • Democrats are also pushing for an extension of the now-expired $600 weekly increase to state unemployment payouts through January as part of the latest edition of the HEROES Act.  
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House Democrats are taking another shot at passing a coronavirus stimulus with about five weeks to go before Election Day.

House Speaker Nancy Pelosi unveiled a $2.2 trillion aid package Monday evening, just ahead of a planned meeting with White House officials. The latest stimulus, which stretches 2,145 pages, represents a fresh effort to pass an aid package several weeks after talks stalled. 

House leaders haven't set a date for the vote yet, but Majority Leader Steny Hoyer, a Maryland Democrat, has said it could happen this week. It's not clear whether the bill will have enough support to clear the Republican-controlled Senate where lawmakers are focused on confirming Judge Amy Coney Barrett, President Donald Trump's Supreme Court nominee. 

The latest stimulus is roughly $1 trillion below the bill dubbed the HEROES Act, which House Democrats passed in May but was never voted on by the Senate. Pelosi told her caucus in a letter on Monday that Democrats were able to cut the price tag of the bill by shortening the duration of the different programs included in the relief bill. 

Insider's review of the bill shows many other changes were included in the legislation, which is meant to boost the economy and buoy the healthcare system. Here are the provisions that stood out. 

Another round of $1,200 checks

Under the bill, people would receive another $1,200 in relief checks for single filers and $2,400 for couples filing jointly.  Families would receive an additional $500 payment for each child.

The amount is on par with what people got under the CARES Act, the $2 trillion stimulus Trump signed into law in March. Trump has said he supports giving individuals another round of checks. 

Unemployment payments boosted

The CARES Act temporarily added a $600 weekly increase to state unemployment payouts, which expired at the end of July. Some people continued to receive a $300-a-week payment boost through an executive order Trump signed in August, but the money is running out. 

Democrats are seeking to extend the $600 weekly benefit through January as part of the latest edition of the HEROES Act. 

$436 billion for state and local governments 

Democrats have reduced their request for state and local aid. The last stimulus the House passed contained almost $1 trillion for state and local governments and became one of the biggest points of contention between Republicans and Democrats. 

Now, Democrats want $238 billion for states and the District of Columbia and $179 billion for local governments. The money can be used to help with coronavirus relief efforts or to plug budget shortfalls. 

The government picks up the health insurance tab

The legislation would have the government subsidize the cost of people's health insurance after they lose a job. Under the current law, people can buy coverage under the marketplaces set up by the Affordable Care Act. The premiums for these plans are often too expensive, especially for middle-class Americans who don't get big subsidies.

The legislation allows the government to pick up nearly the entire tab for ACA premiums for people who lose their jobs. This boost would also extend to people who make more than $49,960 a year, the current cutoff for subsidies.  

Under the previous version of the HEROES Act, Democrats wanted to subsidize plans on COBRA, a health insurance plan offered to people if they lose their jobs and employer-funded healthcare. That would have allowed people to stay on the health insurance they were getting through work — rather than putting them on ACA plans — and would have cost about $100 billion. 

$225 billion for schools and colleges

The legislation contains $182 billion to help schools with the costs of running during the pandemic, including for setting up remote learning. Colleges would get a share of $39 billion under the plan and childcare services would receive $57 billion. The previous version of the bill provided only $90 billion to help schools. 

 The bill would also let borrowers suspend their federal student loan payments until September 30, 2021. 

Read more: 55 million kids are stuck at home, and the US economy is losing $50 billion a month: Inside the DC clash over how to help schools reopen safely

Coronavirus safety rules for workplaces 

Under the legislation, the Occupational Safety and Health Administration would require workplaces to publish plans for how they will keep their employees safe from the coronavirus. The rules would be due seven days after the bill is signed into law and the agency would have the authority to enforce the standards. Senate Republicans have insisted that they want a bill that provides businesses with immunity from coronavirus-related lawsuits brought by employees who claim they got infected at their workplaces.

$25 billion for airlines and $120 billion for restaurants

Relief for airlines and restaurants wasn't included in the last HEROES Act. The current bill would give airlines $25 billion in grants, a provision that has the support of the White House. Another $3 billion in grants would be set aside for airline contractors. 

Restaurants would get $120 billion, money that can only be used to pay workers and keep them employed. 

$3.6 billion for the election and $15 billion for the Postal Service

Just like the HEROES Act the House passed in May, the latest relief measure would provide $3.6 billion in grants for states to plan and prepare for the elections, according to a document provided by Democratic staff on the House Appropriations Committee. 

But lawmakers reduced their proposal for the Postal Service to $15 billion even as the country prepares to collect a significantly higher number of mail-in ballots this year while people avoid polling stations to reduce their exposure to the coronavirus. Democrats had previously hoped to direct $25 billion to USPS. 

Cannabis provisions tucked in

The provision, known as the SAFE Banking Act, would allow cannabis companies to access banking and financial services — just like other businesses — so they don't have to keep relying on cash.

Senate Majority Leader Mitch McConnell has frequently derided this portion of the HEROES Act as an example of provisions in the Democratic relief bill that he said were unrelated to the pandemic. 

$75 billion for testing and tracing; $125 billion for healthcare providers

The legislation would help public health workers track down people who may have been exposed to the coronavirus so they can be tested and isolated. 

Hospitals, doctors, and clinics would get a share of $125 billion to help them with the costs of fighting the virus and provide relief from their financial losses. Providers already received $175 billion under previous aid packages. 

The latest bill includes $7 billion to help the federal government distribute a coronavirus vaccine to the public when it's ready. Robert Redfield, who oversees the Centers for Disease Control and Prevention, told Congress that the agency would need at least $6 billion to carry out its vaccine plan. 

Additionally, the bill closes loopholes that could have resulted in people getting charged for the coronavirus vaccine. Under the measure, Medicare and Medicaid would have to pay for the vaccine and not charge patients. The House bill specifically sets aside another $600,000 for Congress and staff to receive vaccines or other coronavirus-related care. 

No hazard pay for frontline workers

Democrats tossed a $200 billion "hazard pay" provision that appeared in the last bill. It would have boosted pay for people unable to do their jobs from home during the pandemic, including healthcare workers, grocery-store workers, and federal employees. Frontline workers would have been eligible to receive an extra $13 an hour. 

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