Senate Majority Leader Mitch McConnell (R-KY) announced he will release a separate stimulus proposal worth $500 billion, significantly lower than the deal Democrats and the White House are negotiating.
“We’re going to go back on the floor next week, again, with a proposal more narrowly targeted,” McConnell said at an event in Kentucky on Tuesday. “I want to give my friends on the other side one more chance to do highly-targeted relief that the country desperately needs.”
The new proposal includes funding for the Payroll Protection Program (PPP), extra unemployment benefits, money for schools, and liability protections for businesses. McConnell is expected to put the proposal for a vote after the Senate returns on October 19.