House Passes CARES Act, Delivers Critical Coronavirus Assistance
WASHINGTON - Today, Congressman Lee Zeldin (R, NY-1), member of the bipartisan Congressional Coronavirus Task Force, issued the following statement after House passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act:
“While this legislation is not perfect, the CARES Act provides critically and urgently needed funding for hospitals, state and local governments and small businesses and workers. Not only does this bill provide direct tax rebates for the American families who most need it and bolster unemployment insurance, but it also provides up to $10 million loans for the small businesses that are the backbone of their local economy and workforce. There is also a substantial loan forgiveness program that is part of this new process for small businesses as well.
“It provides over $100 billion in support for health care workers and hospitals and $150 billion for states, cities and localities for the battle against coronavirus on-the-ground. This bill also delivers $16 billion for Personal Protective Equipment (PPE) kits, ventilators, and other medical supplies for federal and state response efforts, especially our local responders as they confront this pandemic head on.
“This agreement increases the Medicare reimbursement rate to assist providers caring for our most vulnerable population, robustly employs the Strategic National Stockpile, expedites FDA consideration of new medication and treatments and facilitates the use of new and innovative telemedicine technology to protect and contain the spread of COVID-19.”