As President Signs COVID-19 Package Into Law, Montana to Receive $1.25 Billion Secured by Sen. Tester
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As the President signed the Phase III Coronavirus legislative package into law,
This money is a part of
"Now that this bill is law, I'm going to fight aggressively to ensure
Tester also fought for and secured
Tester has been working tirelessly to ensure that
* For small businesses
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* A Small Business Paycheck Protection Program to provide loans for small businesses, nonprofits, vet and self-employed individuals to cover 8-weeks of payroll, mortgage interest, rent and utility costs that will be up to 100 percent forgivable for
* For workers and families
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* Income tax exclusion for individuals who are receiving student loan repayment assistance from their employer
* For hospitals, health care workers, emergency medical services and equipment
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* For state, local and Tribal governments
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* For veterans - the McConnell bill did not include any funding for
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* For Tribes - the McConnell bill did not include any specific funding for Indian Country aside from a slight
* More than
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* For rural
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* For accountability - all provisions are new, none were included in the McConnell bill
* Eliminates "secret bailout" provision that would have allowed bailouts to corporations to be concealed for 6 months under the McConnell plan
* Creates a Special Inspector General for Pandemic Recovery at the
* Establishes a Pandemic Response Accountability Committee to oversee loans to businesses to ensure taxpayer dollars are being spent efficiently and effectively
* Prohibit businesses controlled by the President, Vice President, Members of
* Ban stock buybacks for the term of the government assistance plus 1 year on any company receiving a government loan from the bill
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