House passes $3 trillion coronavirus relief bill dubbed HEROES Act
- The House passed a $3 trillion coronavirus bailout, dubbed the HEROES Act, with a 208-199 vote.
- Spanning 1,815 pages, the bill outlines a list of priorities, including another round of $1,200 stimulus checks, a raise for essential workers, and increased health insurance coverage.
- Despite passage in the House, it is not likely to be backed by Senate Republicans, who have expressed disapproval of the bill.
- During its unveiling by House Democrats earlier this week, Senate Majority Leader Mitch McConnell called the bill a "big laundry list of pet priorities" that has "no chance of becoming law."
- However, being signed into law is not entirely the mission of the HEROES Act.
- "Instead, its passage was meant for Democrats to demonstrate their priorities and signal what they will fight for in a later bipartisan bill that could pass in June," Business Insider's Kimberly Leonard reported.
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The House passed a second $3 trillion bill aimed at providing relief and support to those impacted by the coronavirus pandemic on Friday.
The bill, known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act, follows the first coronavirus bailout signed into law in late March with bipartisan support, the CARES Act.
The rescue package was approved with a vote of 208 to 199, but it is unlikely to pass in the GOP-controlled Senate.
When House Democrats unveiled the HEROES Act earlier this week, Senate Majority Leader Mitch McConnell called the bill a "big laundry list of pet priorities" that has "no chance of becoming law."
Spanning 1,815 pages, the $3 trillion bailout package is not poised to become law. "Instead, its passage was meant for Democrats to demonstrate their priorities and signal what they will fight for in a later bipartisan bill that could pass in June," Business Insider's Kimberly Leonard reported.
The bill includes a list of priorities, including another round of $1,200 stimulus checks, a raise for essential workers, increased health insurance coverage, and nearly $1 trillion in financial aid to local and state governments.