McConnell: Senate Will Craft Another Stimulus In Coming Weeks - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Top Stories
Washington Wire RSS Get our newsletter
Order Prints
July 15, 2020 Washington Wire
Share
Share
Tweet
Email

McConnell: Senate Will Craft Another Stimulus In Coming Weeks

Messenger-Inquirer (Owensboro, KY)

Jul. 15--U.S. Senate Majority Leader Mitch McConnell said Tuesday that he will start crafting a second -- and last -- federal assistance package when the Senate session begins next week.

McConnell didn't provide many details of the proposed plan during a private meeting Tuesday at Owensboro Health Muhlenberg Community Hospital, but he touched on some highlights.

McConnell said the Senate will consider providing another stimulus check in the next round of assistance, but he feels the unemployment insurance bonus of $600 a week was a mistake. He said the extra money made it more profitable for some people to stay home instead of returning to work.

He said trial lawyers have already filed about 1,100 lawsuits across the nation related to COVID-19.

"We're going to absolutely have liability protection for hospitals, doctors, nurses, businesses, colleges, universities, (and kindergarten) through 12," he said. "We cannot have an epidemic of lawsuits on the heels of a pandemic."

Liability protection will cover coronavirus lawsuits only, beginning in December 2019 and extending through the next four years.

"It will guarantee that unless you were grossly negligent or intentionally engaged in this behavior you're not going to be successfully sued on top of everything else that all of us are having to deal with during this incredible experience," McConnell said.

Other important components of the proposed package will be kids in school, jobs and health care, he said.

"We can't have a normal country if kids are not back in school," McConnell said.

It will be expensive to reopen schools, and students must get used to wearing masks. For the past two months, McConnell and fellow Senators have set an example by practicing physical distancing and wearing masks.

The senator acknowledged any additional assistance package won't be "as simple" to pass as the last. The environment is far more politically charged now, compared to four months ago when the CARES Act passed.

"But I do think, in the end, we'll come together ... and do one last package," McConnell said. "And it needs to be the last package. When you think about the size of our national debt now, it is truly disturbing. In the meantime, wear your mask and practice social distancing. Let's get through this pandemic until we get a vaccine."

When visiting Kentucky in recent months, McConnell has toured hospitals, thanking health-care workers on the front lines of nation's fight against the coronavirus and talking about the challenges the pandemic presented the nation. He visited OH Regional Hospital in early June.

During a two-month span this year, the U.S. went from the best economy it had enjoyed for half a century to a depression-era free fall, McConnell said.

To make matters worse, the CARES Act added $3 trillion to the national debt.

"That essentially gave us a national debt the size of our economy for the first time since World War II," McConnell said.

OHMCH received $4.1 million in CARES Act funding, he said. Also, in Kentucky, 48,000 small businesses received forgivable loans amounting to more than $5 billion.

In all, the commonwealth received about $12 billion in federal assistance during the COVID-19 crisis, McConnell said.

Renee Beasley Jones, 270-228-2835, [email protected]

Renee Beasley Jones, 270-228-2835, [email protected]

___

(c)2020 the Messenger-Inquirer (Owensboro, Ky.)

Visit the Messenger-Inquirer (Owensboro, Ky.) at www.messenger-inquirer.com

Distributed by Tribune Content Agency, LLC.

Older

Covid-19 and Political Tensions Challenge Shipping Industry, According to New Allianz Report

Newer

Q6 Cyber and Coalition Partner to Revolutionize Cyber Insurance and Risk Management

Advisor News

  • Wall Street executives warn Trump: Stop attacking the Fed and credit card industry
  • Americans have ambitious financial resolutions for 2026
  • FSI announces 2026 board of directors and executive committee members
  • Tax implications under the One Big Beautiful Bill Act
  • FPA launches FPAi Authority to support members with AI education and tools
More Advisor News

Annuity News

  • Retirees drive demand for pension-like income amid $4T savings gap
  • Reframing lifetime income as an essential part of retirement planning
  • Integrity adds further scale with blockbuster acquisition of AIMCOR
  • MetLife Declares First Quarter 2026 Common Stock Dividend
  • Using annuities as a legacy tool: The ROP feature
More Annuity News

Health/Employee Benefits News

  • How Will New York Pay for Hochul's State of the State Promises?
  • As the January health insurance deadline looms
  • Illinois extends enrollment deadline for health insurance plans beginning Feb. 1
  • Virginia Republicans split over extending health care subsidies
  • Illinois uses state-run ACA exchange to extend deadline
More Health/Employee Benefits News

Life Insurance News

  • Americans Cutting Back on Retirement Savings, Allianz Life Study Finds
  • ‘My life has been destroyed’: Dean Vagnozzi plots life insurance comeback
  • KBRA Releases Research – 2026 Global Life Reinsurance Sector Outlook: Cautious Optimism as Asset-Intensive Sector Enters Its Next Phase
  • Best's Review Looks at What’s Next in 2026
  • Life insurance application activity ends 2025 with record growth, MIB reports
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

8.25% Cap Guaranteed for the Full Term
Guaranteed cap rate for 5 & 7 years—no annual resets. Explore Oceanview CapLock FIA.

Press Releases

  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
  • Salt Financial Announces Collaboration with FTSE Russell on Risk-Managed Index Solutions
  • RFP #T02425
  • RFP #T02525
  • RFP #T02225
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet