The U.S. Senate last night passed a gigantic coronavirus economic rescue package that includes $300 million in assistance to "fishery participants."
Here's the actual language from the bill (H.R. 748). The language begins:
"The Secretary of Commerce is authorized to provide assistance to Tribal, subsistence, commercial, and charter fishery participants affected by the novel coronavirus (COVID-19), which may include direct relief payments."
The $2 trillion bill still needs House and presidential approval.
Looks like we will have to eat the first 35% of losses before we get any money. I wonder if the banks and defense industry take the same hair cut?
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