President Trump signs $484B bill that includes funds for small businesses
President Donald Trump signed a bill into law Friday providing a $484 billion infusion of coronavirus spending, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and 1 in 6 U.S. jobs.
The bipartisan measure passed through Congress almost unanimously this week.
Republican Rep. Andy Biggs of Arizona was one of five House members to vote against the bill Thursday.
"The current cure for the coronavirus is most definitely worse than the disease," the East Valley Republican said in a statement after the vote.
"Not only have we managed to create long-term economic and societal devastation for Americans due to the heavy-handed government response, Congress has added many trillions of dollars to our national debt and expanded our deficit.
"When we emerge from the health care response to this outbreak, we will be dealing with the consequences that we have inflicted upon ourselves for a very long time."
Anchoring the bill is the Trump administration's $250 billion funding request to replenish a fund to help small- and medium-size businesses.
There's also $60 billion for small business loans and grants delivered through the Small Business Administration's existing disaster aid program.
It also contains $100 billion demanded by Democrats for hospitals and a nationwide testing program, among other funding.