McConnell planning on Thursday vote for additional aid to small businesses

The Senate, out until April 20, will have a Thursday session to vote on additional small business funding package

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Senate Majority Leader Mitch McConnell
Senate Majority Leader Mitch McConnell
(Tim Brenner / Getty Images)
Last Updated:
April 7, 2020 - 1:05pm

Despite most of the Senate being away from Washington, Majority Leader Mitch McConnell is attempting to prepare a bill for an additional $250 billion to help small businesses across the country. 

“It is quickly becoming clear that Congress will need to provide more funding or this crucial program may run dry," McConnell said Tuesday. "That cannot happen.”

The $2.2 trillion stimulus package that Congress passed last month included $350 billion for small business relief under the Paycheck Protection Program.

The bill may be brought to the floor as soon as Thursday.

Florida GOP Sen. Marco Rubio, chairman of the Small Business Committee, estimated that the additional package will cost $200 billion to $250 billion.

There are already talks in Washington about a fourth stimulus package focused on a variety of issues including the health care system and American infrastructure.

House Speaker Nancy Pelosi says the phase four bill will “easily” top $1 trillion.

President Trump as recently as Monday expressed interest in infrastructure-related legislation.