Trump signs $484 billion coronavirus relief package

WASHINGTON (KYMA, KECY)-President Donald Trump signs a $484 billion interim coronavirus bill into law Friday that includes money for the small-business loan program, as well as more funding for hospitals and testing.

NBC reports the bill passed the Senate earlier this week by voice vote and was approved by the House on Thursday on a 388-5-1 mostly bipartisan vote.

The bill includes more than $320 billion for the Paycheck Protection Program, or PPP, created by the CARES Act, which was passed late last month.

About $60 billion of the additional PPP funding will be set aside for businesses that do not have established banking relationships, such as rural and minority-owned companies.

The bill also provides $60 billion in loans and grants for the Small Business Administration's disaster relief fund, $75 billion for hospitals and $25 billion for coronavirus testing