Washington Update Special Edition — March 26
Last night, the Senate unanimously approved the CARES Act, 96-0, after five days of grueling
negotiations. An updated version of the text is attached in the email accompanying this update,
along with several fact sheets on specific components of the bill that we have not previously
shared.
The legislative text needed to be updated as it was missing an agreed upon provision that would
require the Treasury Department and Federal Reserve to publish weekly the names of the
companies and others financed through the $500 billion loan program established in the
legislation.
The bill now moves to the House where Majority Leader Hoyer indicated the CARES Act will
be taken up at 9am on Friday. The House leadership hopes to pass the bill via voice vote. The
President has indicated that he will sign the bill.
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