The Senate will vote Wednesday on a $500 billion relief bill to help keep the US economy afloat during the coronavirus pandemic.
The vote is expected to fail but is part of a plan from Senate Majority Leader Mitch McConnell to put Democrats in a tough spot ahead of the November election. Democrats oppose the GOP stimulus because they say it falls short of the country's needs. Instead, they favor a $2.2 trillion measure called the HEROES 2 Act that the House passed October 1.
Business Insider obtained a copy of the latest Republican bill, formally called the Delivering Immediate Relief to America's Families, Schools and Small Businesses Act. We also got ahold of two summary outlines of what the stimulus would do.
The legislation spans 285 pages and is an updated version of the $300 billion bill the Senate brought up on September 10, which failed 52-47 in the upper chamber because Democrats said it was insufficient.
The latest bill doesn't provide another round of the popular $1,200 checks to individuals pushed by President Donald Trump.
But it would give people $300 a week on top of their unemployment payments and allow more businesses to get forgivable loans for keeping their workers on payroll.
Read more: Why Republicans think it's OK to punt on the stimulus before the election
Read the stimulus, the GOP summary document, and the small business loan details below:
