CNN: "Here's what's in the second stimulus package"

Here’s what’s in the second stimulus package
CNN
By Katie Lobosco and Tami Luhby
December 28, 2020

President Donald Trump signed on Sunday evening a $900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments.

The measure is the second-largest federal stimulus package after the $2 trillion CARES Act that Congress approved in March.

Lawmakers passed the bill last Monday, just in time to get something done before the end of December, when several aid programs in the CARES Act were set to expire, including key pandemic jobless assistance measures and eviction protections.

Here's what's in it:

Grants for theaters and other live venues

The package creates a $15 billion grant program for live venues, theaters and museum operators that have lost at least 25% of their revenues.

The initial grant can total up to $10 million per eligible business. A second grant, worth half the amount of the first, may also be available.

The money will be for specified expenses such as payroll costs, rent, utilities and personal protective equipment.

During the first 14 days of the program's implementation, grants will be awarded to those who have faced 90% revenue losses. Then, those who have experienced at least 70% revenue losses will be eligible during the next two weeks. After the first month of the program, any other eligible businesses can receive grants.

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