BREAKING: President Trump Signs Into Law Additional Funding For COVID-19 Stimulus

Moments ago, President Trump signed into law a bill that provides an additional $310 billion for the Paycheck Protection Program, $75 billion for hospitals, and $25 billion to strengthen testing of the virus. The House passed the bill yesterday (April 23) after the Senate passed it earlier this week on Tuesday (April 21).

The initial funding of the Paycheck Protection Program drew criticism due to how quickly it ran out; as well as, the number of large public companies that also received amounts of aid from the program, some of which have returned the stimulus money.

The Paycheck Protection Program and Health Care Enhancement Act includes $25 billion in funding to improve diagnostic and immunity testing for COVID-19 including:
• $11 billion for states
• $825 million for community health centers and rural clinics
• $1.8 billion for the National Institutes of Health (NIH)
• $1 billion for the Biomedical Advanced Research and Development Authority (BARDA)
• $22 million for the U.S. Food and Drug Administration (FDA)
• $1 billion for the Centers for Disease Control and Prevention (CDC)

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Sherod Robertson

Sherod Robertson is President and Owner of MusicRow Enterprises. He oversees all operations and develops strategic initiatives for MusicRow magazine, RowFax, and MusicRow's CountryBreakout chart. Robertson previously served as Director of Finance of Arista Records after beginning his career as Vice President of Finance and CFO at Reunion Records.

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