$1,200 for each adult American

26th Mar 2020 | Source: BBC

Earlier we reported that the US Senate had unanimously passed a $2tn (£1.7tn) coronavirus disaster aid bill. It's the largest economic stimulus in American history - if signed into law, it will impact millions of Americans and all manner of businesses. But what is actually in the bill?

American adults with a salary of up to $75,000 a year will be sent cheques for $1,200. The payments will be less for those making over $75,000 - the cap is set at $99,000 per person, or $198,000 for couples
A $500 billion lending program will be established for businesses, cities and states

Another $367 billion will go towards an employee retention fund for small businesses
A further $17 billion is earmarked to help companies deemed crucial for national security
The airline industry - which has taken heavy losses - will be the biggest recipient of the bill. Passenger airlines qualify for $25bn in loans, and another $25bn in grants. Cargo carriers will be eligible for another $8bn, divided between loans and grants
Roughly $100bn will be given for assistance to hospitals