Congressional leaders, after eight months, may be able to pass additional COVID-19 relief legislation this week. The elements of a new bill are here and while things are changing hourly, that’s a good place to start.

List of Provisions in the Emergency Coronavirus Relief Act of 2020

ProvisionTen-Year Cost
Aid to Small Businesses$300 billion
  Paycheck Protection Program Second Draw$268 billion
  Economic Injury Disaster Loan Advances$14 billion
  Emergency Grants to Venues$10 billion
  Other Small Business Relief and Program Expenses$9 billion
Extended and Augment Unemployment Benefits (+$300/week) for 16 weeks$180 billion
Education$82 billion
  K-12 Education Grants$54 billion
  Higher Education Grants$20 billion
  Governor’s Emergency Education Relief Fund$8 billion
  Education Grants for Tribes and Territories$0.5 billion
Health Care$51 billion
  Provider Relief Fund$35 billion
  Vaccine Development & Distribution$6 billion
  COVID Testing & Tracing$7 billion
Transportation$45 billion
   Second Round Payroll Support Program for Airline Workers$17 billion
  Transit Infrastructure Grants$15 billion
  Grants to Transporation Service Providers Like Buses and Ferries$8 billion
  Airport Grants$4 billion
  Amtrak Funding$0.6 billion
Other Spending$88 billion
  Nutrition and Agriculture Programs$26 billion
  Rental Assistance$25 billion
  U.S. Postal Service Loan Write-Off$10 billion
  Child Care Grants$10 billion
  Broadband Grants and Investment$10 billion
  Sustance Abuse and Opioid Treatment Grants$5 billion
  CDFI/MDI Community Lender Support$2 billion
Total $748 billion
“Offsets” (reductions in previous budget authority)-$560 billion
Net Total$188 billion*

Source: Bill text. Totals do not sum due to rounding.
*Although the proposal rescinds funds from the PPP program and the Federal Reserve’s lending facilities, those funds would not have been spent anyway under current law so the actual deficit impact will be closer to $748 billion. The precise deficit impact is unknown — for example, unemployment benefits could cost more or less depending on unemployment levels and PPP loans may not be fully utilized.