Thursday, March 26, 2020

$300 million for fisheries

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.

1 comment:

Anonymous said...

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?