Congressman Tim Ryan Announces Support for Third Coronavirus Stimulus Package
Youngstown, OH – Congressman Tim Ryan (OH-13) announces his support for the Coronavirus Stimulus Package that passed the Senate yesterday and is set to pass the House tomorrow. This is the third coronavirus response package that Congress has passed into law.
“Unprecedented is the only word that can describe where we are as a nation. With tens of thousands of diagnosed cases and more than 1,000 deaths, this crisis has impacted every corner of the United States. While further action from Congress will certainly be needed, the Coronavirus Stimulus Package is a lifeline for families, workers, students, the unemployed, and small businesses impacted by the coronavirus. I’m proud to have led the charge in Congress to secure a cash payment for millions of Americans and expand unemployment insurance so those out of work will not see a decrease in income. While we still have much to learn about this virus and we do not know when life will return to normal, this legislation is a step towards ensuring Americans' health and economic security is protected,” said Congressman Ryan.
Democrats secured major victories for Americans impacted by this crisis:
- Cash payment, Americans earning $75,000 or less will receive $1,200 and married couples earning less than $150,000 will receive $2,400, plus $500 per child. Reduced checks will go to individuals earning less than $99,000 and married couples earning less than $198,000, those with no income, as well as those whose income comes entirely from non-taxable means tested benefit programs such as Social Security benefits.
- For fighting the coronavirus, Democrats fought for and won a large investment in hospitals, health systems, and state and local governments in this agreement to give them the resources they desperately need during this emergency.
- For our workers, Democrats secured a massive increase in Unemployment Insurance benefits, including an additional $600 per week for four months and expanding eligibility to include those who do not typically qualify for UI benefits.
- For our small businesses, Democrats won a significant expansion of fast relief for small businesses and made rent, mortgage, and utility costs eligible for SBA loan forgiveness.
- For our students, Democrats secured billions in emergency education funding and eliminated income tax on student loan repayment assistance by employers.
- For accountability and oversight, Democrats prevented secret bailouts and added special oversight requirements.
- Saved hundreds of thousands of airline industry jobs and prohibited airlines from stock buybacks and CEO bonuses.
- Eliminated “secret bailout” provision that would have allowed bailouts to corporations to be concealed for 6 months.
Previous Congressional actions passed into law:
First Package: Bipartisan emergency response funding package of $8.3 billion of entirely new funds, which the President has signed:
- Commits more than $3 billion to the development of treatments and a vaccine available to all and protects against price-gouging of medicines developed with taxpayer dollars.
- Provides $2.2 billion in prevention, preparedness, and response measures, including nearly a billion dollars to help state, local, tribal and territorial health systems.
- Helps families by extending telemedicine services, regardless of where they live, and supports small businesses with billions in low-interest SBA loans to those affected.
Second Package: We moved quickly to follow up by passing the Families First Coronavirus Response Act, which the President also signed into law.
- For families’ health security, this legislation ensures free coronavirus testing for everyone who needs a test, including the uninsured. Legislation also increases funding for Medicaid to support local, state, tribal, and territorial health systems so they have the resources needed to combat this public health emergency.
- For families’ economic security, the bill provides two weeks of paid sick leave and up to three months of family and medical leave for eligible workers and enhances Unemployment Insurance. It also supports small businesses by fully reimbursing them for providing leave.
- For families’ food security, legislation strengthens nutrition initiatives including SNAP, student meals, seniors’ meals and food banks.