On Tuesday, a group of bipartisan lawmakers in the Senate and House introduced a $908 billion stimulus plan that would provide $160 billion to state and local governments. The bill is supported by members of both parties across Congress and also extends aid programs for unemployment insurance, small business aid such as the Paycheck Protection Program, and transportation programs across the country.
Mitch McConnell rejected the bill while circulating a separate proposal, but declined to offer details on substantive changes from the $500 billion bill rejected by the House in October. No inclusion of state and local government aid and less reinforcement for unemployment insurance highlight key differences between the two bills.
GFOA’s Federal Liaison Center will continue to monitor developments in Congress.