WASHINGTON — More funding is expected to be passed today by Congress to help ailing businesses and individuals during the coronavirus pandemic.
The Senate approved the $484 billion stimulus package on Tuesday and it will get its day in front of members of the House of Representatives today. Many members of the House will not be there and will vote by proxy as to abide by social distancing guidelines, but Rep. Greg Pence (R-IN-06) will be there in person to vote.
“While our nation continues to fight the Coronavirus, Nancy Pelosi and her Democrat colleagues are using this pandemic to push proxy voting through the United States House of Representatives to consolidate power among Washington’s elite powerbrokers and further away from the American People,” Pence said.
Sen. Todd Young voted in favor of the bill in the Senate. Though is is happy to see Congress approve more financial relief for Hoosiers and their businesses, he hopes it’s the last round of funding they have to pass.
“Our governor, his point of emphasis has always been to get people back to work as soon as they can safely. I think that’s the right qualification,” Young said to Inside Indiana Business. “The sooner we can get back to work that will elevate the need to keep shoveling money out the door.”
The new bill is intended to make sure smaller banks get enough money to keep operating and are able to dish out loans to smaller businesses that need the money. There was a hang-up with the previous bill where banks tended to give more to larger clients leaving smaller businesses without any help.
It’s not clear when the House plans to vote on the bill, but a vote is expected to happen sometime today.
