The White House and congressional leaders have agreed on a new $470 billion pandemic relief plan with funds for a tapped-out small business aid program and aid for coronavirus testing and overwhelmed hospitals. President Donald Trump said he’d sign the measure and begin discussions on a next round of stimulus.
The Senate passed the measure Tuesday afternoon by unanimous consent. The House could vote as soon as Thursday, House Majority Leader Steny Hoyer said.
The new package would provide $310 billion to replenish the Paycheck Protection Program for small businesses, which was part of the $2 trillion stimulus approved late last month and ran out of money last week.
Several trade groups, including the National Automobile Dealers Association and the American International Automobile Dealers Association, advocated more funding for the program and sent a letter to Congress last week asking it to “act expeditiously” to assure the program has the resources it needs to help the…