Here's what’s in the massive $2 trillion coronavirus stimulus deal for businesses

Early Wednesday morning, Senators Mitch McConnell and Chuck Schumer announced a massive $2 trillion dollar stimulus deal that is set to be the largest economic stimulus package in modern American history.

"This is a wartime level of investment into our nation" McConnell said.

The deal is set to includes a range of far-reaching provisions. Everything from $1,200 government checks to individuals to hundreds of billions of dollars to fight the crisis are included.

But the most contentious part of the negotiations were clearly provisions to send over half a trillion dollars directly to impacted businesses.

The initial proposal from Senate Majority leader Mitch McConnell was repeatedly slammed as a ‘$500 billion slush fund’ by Democrats who held up the bill until changes were made. Treasury Secretary Steven Mnuchin and fellow Republicans, in the end, agreed to a range of oversight measures over how companies will be able to spend all that money. 

"Like all compromises, this bill is far from perfect but we believe the legislation has improved significantly," Senate Minority Leader Schumer said after the deal was announced.

Both the Republican and Democratic leaders predict that the bill will be passed quickly in the Senate.

As of early Wednesday, parts of the final bill were still being written by legislators but here’s a rundown of what we do know about what’s in the deal aimed specifically at the businesses community.

WASHINGTON, DC - MARCH 24:  Treasury Secretary Steven Mnuchin (C) leaves the offices of Minority Leader Charles Schumer (D-NY) as negotiations continue into the night on a $2 trillion economic stimulus in response to the coronavirus pandemic at the U.S. Capitol March 24, 2020 in Washington, DC. After days of tense negotiations -- and Democrats twice blocking the nearly $2 trillion package -- the Senate and Treasury Department appear to have reached important compromises on legislation to shore up the economy during the COVID-19 pandemic. (Photo by Chip Somodevilla/Getty Images)

For the airlines a ‘special provision’

“We're going to back the airlines 100%,” President Trump said last week about one of the industries hit hardest by the ongoing crisis.

The deal reportedly includes $50 billion specifically for passenger airlines, $8 billion for cargo airlines, and $17 billion “for firms that are deemed important to national security.”

Airlines CEO recently promised to stop stock buybacks and paying dividends in exchange for help from the federal government.

On Tuesday, Reuters reported that the final negotiations on a package included a mix of grants and loans to these companies while President Trump signaled Tuesday evening that the money would come in the forms of loans.

“We'll be helping Boeing, we'll be helping the airlines” he said. “We'll be doing a lot of things and the money will all come back to us, and it will come back to us in a very strong form.”

Either way, the airlines were singled out for special treatment because “airlines do provide significant resources and national security issues” as Secretary Mnuchin said Monday adding “I believe that's something that's very important to Americans.”

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Reading, PA - March 26: A Stay Strong sign has been erected in the cloverleaf at the Penn Street exit of Route 422, in Reading, PA Thursday, March 26, 2020, to offer encouragement in the coronavirus epidemic.(Photo by Bill Uhrich/MediaNews Group/Reading Eagle via Getty Images)
UNITED STATES - MARCH 27: Rep. Tom Malinowski, D-N.J., walks down the House steps as the House votes on the Coronavirus Aid, Relief, and Economic Security Act in Washington on Friday, March 27, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images)
NEW YORK, USA - MARCH 25: A patient with a face mask is seen at the Maimonides Medical Center in Brooklyn, New York, United States on March 25, 2020. The coronavirus-related deaths in the U.S. topped 800 on Wednesday, while the number of cases reached over 55,200, according to latest figures by Johns Hopkins University. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)
NEW YORK, NY - MARCH 27: A New York Police officer wears a face mask as he directs traffic on a local street on March 27, 2020 in New York City. At least 350 members of the New York City Police Department including deputy commissioner John Miller were confirmed to have the virus. (Photo by Eduardo Munoz Alvarez/Getty Images)
NEW YORK, NY - MARCH 27: A New York Police officer wears a face mask as he directs traffic on a local street on March 27, 2020 in New York City. At least 350 members of the New York City Police Department including deputy commissioner John Miller were confirmed to have the virus. (Photo by Eduardo Munoz Alvarez/Getty Images)
WASHINGTON, DC - MARCH 27: U.S. Speaker of the House Nancy Pelosi (D-CA) talks with reporters as she arrives at the U.S. Capitol on March 27, 2020 in Washington, DC. The House of Representatives is scheduled to vote today on the stimulus bill intended to combat the economic effects caused by the coronavirus pandemic. (Photo by Win McNamee/Getty Images)
NEW YORK, NY - MARCH 27: People cross Park Av. after it was announced that some streets will be shut as lockdown continues in response to the coronavirus (COVID-19) outbreakon March 27, 2020 in New York City. Mayor Bill de Blasio chose four streets across four boroughs to test whether shutting down streets to vehicular traffic would increase social distancing among pedestrians during the COVID-19 pandemic shutdown. (Photo by Eduardo Munoz Alvarez/Getty Images)
FLORIDA, USA - MARCH 20: Paramedics dressed in hazmat suits assist the evacuation of cruiseships crew members with respiratory symptoms associated with coronavirus (COVID-19) at the Coast Guardâs Miami Beach station, in Miami, Florida, United States on March 26, 2020. (Photo by MARCO BELLO/Anadolu Agency via Getty Images)
FLORIDA, USA - MARCH 20: An ambulance is seen during the evacuation of cruiseships crew members with respiratory symptoms associated with coronavirus (COVID-19) at the Coast Guardâs Miami Beach station, in Miami, Florida, United States on March 26, 2020. (Photo by MARCO BELLO/Anadolu Agency via Getty Images)
Reading, PA - March 26: (L-R) Siblings Azuleirys Francisco, 10, Alexander Francisco, 6, and Jovani Francisco, 8, sanitize their hands as a precaution against coronavirus while picking up meals from the parking lot at 4th and Windsor in Reading, PA Thursday afternoon Thursday March 26, 2020. The site is run by Olivets and the Reading School District.(Photo by Lauren A. Little/MediaNews Group/Reading Eagle via Getty Images)
Amity twp., PA - March 26: The sign for Hope Church in Amity Township that reads "Social Distancing, Join us online..." Thursday afternoon March 26, 2020.(Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)
A woman poses for a photo with her dog in a mostly empty Times Square, New York, US, on March 25, 2020. (Photo by John Lamparski/NurPhoto via Getty Images)
NEW YORK, USA - MARCH 25: A view of empty road in Brooklyn, New York, United States on March 25, 2020. The coronavirus-related deaths in the U.S. topped 800 on Wednesday, while the number of cases reached over 55,200, according to latest figures by Johns Hopkins University. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)
A sign is displayed at a coffee shop on March 25, 2020 in New York City. - The number of confirmed cases of the new coronavirus in the United States reached 60,115 on Wednesday while 827 people had died, a tracker run by Johns Hopkins University showed. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)
NEW YORK, NY - MARCH 25: Basketball courts are seen empty due to coronavirus spread on March 25, 2020 in New York City, New York. Across the country schools, businesses and places of work have either been shut down or are restricting hours of operation as health officials try to slow the spread of COVID-19. (Photo by Eduardo Munoz Alvarez/Getty Images)
SAN FRANCISCO, CA, USA - MARCH 18: Shoppers at Walgreens in San Franciscoâs Castro District make last minute purchases minutes before the shelter in place directive was to take effect on March 18, 2020. (Photo by Neal Waters/Anadolu Agency via Getty Images)
SAN JOSE, CA, USA - MARCH 18: A Safeway store in San Jose posts new shorter store hours to provide a safer work environment ahead of Tuesdayâs directive to shelter in place for residents of the six counties that make up the Bay Area, on March 18, 2020. (Photo by Neal Waters/Anadolu Agency via Getty Images)
SAN FRANCISCO, CA, USA - MARCH 18: Mounted officers patrol the area outside Pier 39 in San Francisco on day one of the shelter in place order on March 18, 2020. (Photo by Neal Waters/Anadolu Agency via Getty Images)
MANASSAS, USA - MARCH 17: Weapons on display at a gun shop in Manassas, Virginia, United States as gun and ammunition sales in the U.S. have skyrocketed as the coronavirus (COVID-19) pandemic spread across the country. (Photo by Yasin Ozturk/Anadolu Agency via Getty Images)
A security officer stands guard at a tent set up outside the emergency room at an AdventHealth hospital on March 17, 2020 in Orlando, Florida. The tent is part of AdventHealth's surge planning in case extra space is needed to care for potential coronavirus cases in the community. (Photo by Paul Hennessy/NurPhoto via Getty Images)
A tent is seen set up outside the emergency room at an AdventHealth hospital on March 17, 2020 in Orlando, Florida. The tent is part of AdventHealth's surge planning in case extra space is needed to care for potential coronavirus cases in the community. (Photo by Paul Hennessy/NurPhoto via Getty Images)
External and outside of emergency room views of the pandemic, novel Coronavirus, or COVID-19 are seen at Advocate Lutheran General Hospital on March 17, 2020 in Park Ridge, Illinois, United States. The collection includes additional tents, a warning construction sign, an empty road, a congested road, a law enforcement vehicle, and a drive through testing area. (Photo by Patrick Gorski/NurPhoto via Getty Images)
NEWTON, MA - MARCH 17: Medical professionals work in coronavirus testing tents at Newton Wellesley Hospital in Newton, MA on March 17, 2020. (Photo by Suzanne Kreiter/The Boston Globe via Getty Images)
BOSTON, MA - MARCH 17: An emergency tent is set up at the Carney Hospital in Boston's Dorchester for coronavirus pandemic use on March 17, 2020. (Photo by David L. Ryan/The Boston Globe via Getty Images)
LEONARDTOWN, MARYLAND - MARCH 17: Nurses screen patients for COVID-19 virus testing at a drive-up location outside Medstar St. Mary's Hospital on March 17, 2020 in Leonardtown, Maryland. The facility is one of the first in the Washington, DC area to offer coronavirus testing as more than 5,200 cases have been confirmed in the United States, and more than 90 deaths have been attributed to the virus. (Photo by Win McNamee/Getty Images)
A sign on a table provides instructions for social distancing, while a group of people are seen in the background, selective focus, sitting around a small table, at a hospital in San Francisco during an outbreak of the COVID-19 coronavirus, California, March 16, 2020. (Photo by Smith Collection/Gado/Getty Images)
NEWTON, MA - MARCH, 16: Nurse practitioner Amy Israelian puts on protective gear in a tent in the parking lot of the Newton-Wellesley Hospital before testing a possible coronavirus patient in Newton, MA on March 16, 2020. (Photo by Adam Glanzman/For The Washington Post via Getty Images)
Two staff members wheel Amwell telemedicine carts into the entrance of the University of California San Francisco (UCSF) Benioff Children's Hospital in Mission Bay, San Francisco, California during an outbreak of the COVID-19 coronavirus, March 16, 2020. As a result of the outbreak, patients are increasingly being asked to conduct telemedicine appointments to avoid infecting healthcare workers. (Photo by Smith Collection/Gado/Getty Images)
People line up to enter a triage tent outside of the emergency room at Memorial West Hospital in Pembroke Pines, Fla., on Monday, March 16, 2020. (Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images)
WESTMINSTER, MARYLAND - MARCH 16: Dawn Canova, clinical manager for outpatient wound care at Carroll Hospital, takes off her protective gloves after taking a sample to test a person for the coronavirus at a drive-thru station in the hospital's parking garage March 16, 2020 in Westminster, Maryland. Not open to the general public for testing, the station was set up to take samples from people who had spoken with their doctors and received explicit direction to get a test for the novel coronavirus called COVID-19. (Photo by Chip Somodevilla/Getty Images)
WESTMINSTER, MARYLAND - MARCH 16: Carroll Hospital Critical Care Unit Clinical Manager Stephanie Bakert talks to a person through his car window using a mobile phone before testing him for the coronavirus at a drive-thru station in the hospital's parking garage March 16, 2020 in Westminster, Maryland. Not open to the general public for testing, the station was set up to take samples from people who had spoken with their doctors and received explicit direction to get a test for the novel coronavirus called COVID-19. (Photo by Chip Somodevilla/Getty Images)
NEW YORK, NY - MARCH 15: An exterior view of Lenox Hill Hospital as the coronavirus continues to spread across the United States on March 15, 2020 in New York City. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. (Photo by Cindy Ord/Getty Images)
NEW YORK, NY - MARCH 15: Passengers disembark from the Norwegian Bliss cruise ship on March 15, 2020 in New York City. Mayor Bill de Blasio said on Tuesday that any cruise ship passenger disembarking in New York City with a temperature over 100.4 will be given the choice of self-isolating at home or be taken to a hospital to protect against the spread of COVID-19. (Photo by Stephanie Keith/Getty Images)
DAYTON, WA - MARCH 14: Dr. Lewis Neace, head of the ER at Dayton General Hospital poses for a photograph. Dayton, a small town in rural southeast Washington has an aging population, had its first positive test for Coronavirus and is waiting on results of more tests. (Photo by Nick Otto for the Washington Post)
NEW YORK, NEW YORK - MARCH 14: An exterior view of Harlem Hospital Center, aka NYC Health + Hospitals/Harlem, as the coronavirus continues to spread across the United States on March 14, 2020 in New York City. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. (Photo by Dia Dipasupil/Getty Images)
JACKSONVILLE, FL - MARCH 14: A general view of the Ascension St. Vincent's Riverside Hospital on March 14, 2020 in Jacksonville, Florida. The World Health Organization (WHO) declared Coronavirus (COVID-19) a pandemic. (Photo by Cliff Hawkins/Getty Images)
Un puñado de personas transitan la terminal de Grand Central en Nueva York el 23 de marzo del 2020. Normalmente hay multitudes en la estación, pero muy poca gente está viajando como consecuencia del coronavirus. (AP Photo/Mark Lennihan)
A sign displaying messages on how to reduce the spread of COVID-19, the disease caused by the new coronavirus, is displayed at the mouth of the Manhattan Bridge, Monday, March 23, 2020, in the Brooklyn borough of New York. (AP Photo/John Minchillo)
NEW PALTZ, NY - MARCH 22: A highway information display says, "STOP THE SPREAD SAVE LIVES" on a mostly empty Interstate 87 on Sunday afternoon. The highway was mostly empty on the same day that New York State Governor Andrew Cuomo pleads with New York residents to take the stay-at-home orders seriously regarding the Coronavirus pandemic. Photographed in New Paltz, New York on March 22, 2020, USA. (Photo by Ira L. Black/Corbis via Getty Images)
People are seen lining up for testing Covid-19 in Elmhurst Queens to test for Coronavirus, on March 21, 2020. (Photo by John Nacion/NurPhoto via Getty Images)
People are seen lining up for testing Covid-19 in Elmhurst Queens to test for Coronavirus, on March 21, 2020. (Photo by John Nacion/NurPhoto via Getty Images)
STONY BROOK, NEW YORK - MARCH 21: A sign direct people to a COVID-19 test facility at Stony Brook University on March 21, 2020 in Stony Brook, New York. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. (Photo by Bruce Bennett/Getty Images)
US President Donald Trump and other members of the task force listen as National Institute of Allergy and Infectious Diseases Director, Dr. Anthony Fauci, speaks during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 21, 2020, in Washington, DC. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
Women wear face masks a a scarf to protect their mouths and nose as they walk along 34th St., Friday, March 20, 2020, in New York. New York Gov. Andrew Cuomo is ordering all workers in non-essential businesses to stay home and banning gatherings statewide. "Only essential businesses can have workers commuting to the job or on the job," Cuomo said of an executive order he will sign Friday. Nonessential gatherings of individuals of any size or for any reason are canceled or postponed. (AP Photo/Mary Altaffer)
A subway customer wears protective gloves on an empty car as it stops at a sparsely populated 57th Street station due to COVID-19 concerns, Friday, March 20, 2020, in New York. Gov. Andrew Cuomo is ordering all workers in non-essential businesses to stay home and banning gatherings statewide. "Only essential businesses can have workers commuting to the job or on the job," Cuomo said of an executive order on Friday. Nonessential gatherings of individuals of any size or for any reason are canceled or postponed. (AP Photo/John Minchillo)
A postal worker wears a protective mask and gloves while operating a route in the Queens borough of New York, Friday, March 20, 2020. Gov. Andrew Cuomo is ordering all workers in non-essential businesses to stay home and banning gatherings statewide. "Only essential businesses can have workers commuting to the job or on the job," Cuomo said of an executive order he will sign Friday. Nonessential gatherings of individuals of any size or for any reason are canceled or postponed. (AP Photo/John Minchillo)
A Red Robin reastaurant in Tigard, Ore., has closed some tables in order to maintain 'social distancing' between diners per CDC guidelines Sunday, March 15, 2020. They said they were running the place at 50 percent capacity so they could leave tables empty between customers. (AP Photo/Gillian Flaccus)
A commuter pauses to read a video display on the Gallery Place Metro subway train platform in Washington, Friday, March 13, 2020, with a message from the Centers for Disease Control and Prevention (CDC) on the proper way to wash your hands to combat the coronavirus outbreak. (AP Photo/Carolyn Kaster)
US Vice President Mike Pence, flanked by CDC Director Robert R. Redfield (L) and FEMA Administrator Peter Gaynor, shows documents to reporters during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 22, 2020, in Washington, DC. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images)
An electronic billboard sponsored by the Centers for Disease Control and Prevention (CDC) provides tips for the public on ways to prevent the spread of coronavirus (COVID-19) on March 20, 2020 along Interstate 4 in Deland, Florida. (Photo by Paul Hennessy/NurPhoto via Getty Images)
Street performer Eddie Webb looks around the nearly deserted French Quarter looking to make money in New Orleans, Sunday, March 22, 2020. With much of the city already hunkered down due to the coronavirus pandemic, Louisiana Gov. John Bel Edwards issues a shelter-in-place order to take effect starting Monday at 5:00 PM. (AP Photo/Gerald Herbert)
A sign to draw customers is seen outside the nearly empty Superior Seafood and Oyster Bar in New Orleans, Thursday, March 19, 2020. Louisiana Governor John Bel Edwards and New Orleans Mayor LaToya Cantrell have ordered all restaurants and bars to close except for takeout, and asked residents to remain home and maintain social distancing from others when outside, due to the COVID-19 virus pandemic. (AP Photo/Gerald Herbert)
Kamari Fletcher waits for her to-go order inside the nearly empty Superior Seafood and Oyster Bar in New Orleans, Thursday, March 19, 2020. Louisiana Gov. John Bel Edwards and New Orleans Mayor Latoya Cantrell have ordered all restaurants and bars to close except for takeout, and asked residents to remain home and maintain social distancing from others when outside, due to the coronavirus pandemic. (AP Photo/Gerald Herbert)
A shuttered business is seen in the French Quarter in New Orleans on March 26, 2020, during the coronavirus outbreak. - New Orleans, the Louisiana city known as the "Big Easy" famed for its jazz and nightlife, has become an epicenter of the coronavirus pandemic gripping the United States. The southern US state now has 2,305 confirmed cases and 83 deaths. New Orleans alone accounts for 997 of the cases and 46 of the deaths. (Photo by Emily Kask / 30203169A / AFP) (Photo by EMILY KASK/30203169A/AFP via Getty Images)
Words from Gloria Gaynor's "I Will Survive" are painted onto plywood covering the window of a closed business during the coronavirus outbreak in New Orleans on March 26, 2020. - New Orleans, the Louisiana city known as the "Big Easy" famed for its jazz and nightlife, has become an epicenter of the coronavirus pandemic gripping the United States. The southern US state now has 2,305 confirmed cases and 83 deaths. New Orleans alone accounts for 997 of the cases and 46 of the deaths. (Photo by Emily Kask / 30203169A / AFP) (Photo by EMILY KASK/30203169A/AFP via Getty Images)
A closure note is posted on the family-owned Bar Redux in the Bywater in New Orleans on March 26, 2020. - New Orleans, the Louisiana city known as the "Big Easy" famed for its jazz and nightlife, has become an epicenter of the coronavirus pandemic gripping the United States. The southern US state now has 2,305 confirmed cases and 83 deaths. New Orleans alone accounts for 997 of the cases and 46 of the deaths. (Photo by Emily Kask / 30203169A / AFP) (Photo by EMILY KASK/30203169A/AFP via Getty Images)
A shuttered business is pictured on Decatur Street in New Orleans, Louisiana, on March 26, 2020. - New Orleans, the Louisiana city known as the "Big Easy" famed for its jazz and nightlife, has become an epicenter of the coronavirus pandemic gripping the United States. The southern US state now has 2,305 confirmed cases and 83 deaths. New Orleans alone accounts for 997 of the cases and 46 of the deaths. (Photo by Emily Kask / 30203169A / AFP) (Photo by EMILY KASK/30203169A/AFP via Getty Images)
A shuttered restaurant is pictured in the French Quarter in New Orleans, Louisiana, on March 26, 2020. - New Orleans, the Louisiana city known as the "Big Easy" famed for its jazz and nightlife, has become an epicenter of the coronavirus pandemic gripping the United States. The southern US state now has 2,305 confirmed cases and 83 deaths. New Orleans alone accounts for 997 of the cases and 46 of the deaths. (Photo by Emily Kask / 30203169A / AFP) (Photo by EMILY KASK/30203169A/AFP via Getty Images)
National Guard members walk down Rampart Street in New Orleans, Louisiana, on March 26, 2020. - New Orleans, the Louisiana city known as the "Big Easy" famed for its jazz and nightlife, has become an epicenter of the coronavirus pandemic gripping the United States. The southern US state now has 2,305 confirmed cases and 83 deaths. New Orleans alone accounts for 997 of the cases and 46 of the deaths. (Photo by Emily Kask / 30203169A / AFP) (Photo by EMILY KASK/30203169A/AFP via Getty Images)
Stony Brook, N.Y.: State workers and members of the National Guard check in people arriving for the drive-thru coronavirus testing at Stony brook University in New York on March 25, 2020. (Photo by John Paraskevas/Newsday RM via Getty Images)
Gov. Brad Little issues a statewide stay-at-home order to further prevent spread of coronavirus COVID-19 at a press conference Wednesday, March 25, 2020 held at Gowen Field, headquarters of the Idaho Army National Guard in Boise, Idaho. (Darin Oswald/Idaho Statesman/Tribune News Service via Getty Images)
A Healthcare worker help to check in with the assistant from the Florida Army National Guard as vehicles line up at the COVID-19 drive-thru testing center at Marlins Park as the coronavirus pandemic continues on Wednesday, March 25, 2020 in Miami. (David Santiago/Miami Herald/Tribune News Service via Getty Images)
A Healthcare worker help to check in with the assistant from the Florida Army National Guard as vehicles line up at the COVID-19 drive-thru testing center at Marlins Park as the coronavirus pandemic continues on Wednesday, March 25, 2020 in Miami. (David Santiago/Miami Herald/Tribune News Service via Getty Images)
WASHINGTON, DC - MARCH 26: (L-R) U.S. President Donald Trump and National Institute of Allergy and Infectious Diseases Director Anthony Fauci arrive for a briefing on the coronavirus pandemic in the press briefing room of the White House on March 26, 2020 in Washington, DC. The U.S. House of Representatives is scheduled to vote Friday on the $2 trillion stimulus package to combat the effects of the COVID-19 pandemic. (Photo by Drew Angerer/Getty Images)
WASHINGTON, DC - MARCH 26: National Institute of Allergy and Infectious Diseases Director Anthony Fauci listens as U.S. President Donald Trump speaks during a briefing on the coronavirus pandemic, in the press briefing room of the White House on March 26, 2020 in Washington, DC. After the U.S. House of Representatives votes on Friday, President Trump is expected to sign the $2 trillion stimulus package to combat the effects of the COVID-19 pandemic. (Photo by Drew Angerer/Getty Images)
WASHINGTON, DC - MARCH 25: Flanked by National Institute of Allergy and Infectious Diseases Director Anthony Fauci (L) and White House coronavirus response coordinator Deborah Birx, Vice President Mike Pence speaks during a briefing on the coronavirus pandemic, in the press briefing room of the White House on March 25, 2020 in Washington, DC. The United States Senate continues to work on a $2 trillion aide package to combat the health and economic effects of the COVID-19 pandemic. (Photo by Drew Angerer/Getty Images)
BLOOMINGTON, UNITED STATES - MARCH 26, 2020: A volunteer puts on gloves before participating in the Monroe County Food Train to give meals, and groceries to youth 18 and under, during the COVID-19/Coronavirus emergency in Bloomington. Hundreds of workers have been laid off in the community, and the governor has issued a stay-at-home order.- PHOTOGRAPH BY Jeremy Hogan / Echoes Wire/ Barcroft Studios / Future Publishing (Photo credit should read Jeremy Hogan / Echoes Wire/Barcroft Media via Getty Images)
BOSTON, MA - MARCH 26: Secretary of Health and Human Services Marylou Sudders and Gov. Charlie Baker hold a press conference in the Gardner Auditorium at The Massachusetts State House in Boston on March 26, 2020. Baker and Sudders addressed attempting to secure more pieces of personal protection equipment and mobile schooling concerns. (Photo by Blake Nissen/The Boston Globe via Getty Images)
The Magic Bag theater is pictured closed, due to Michigan Governor Gretchen Whitmer's measures to stop the spread of COVID 19 in Ferndale, Michigan on March 26, 2020. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)
A Great Clips hair salon sign is pictured as it's closed, due to Michigan Governor Gretchen Whitmer's measures to stop the spread of COVID 19 in Ferndale, Michigan on March 26, 2020. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)
A closed sign is seen on the Suburban Buick GMC that is currently closed by Michigan Governor Gretchen Whitmer to stop the spread of coronavirus,COVID-19, in Ferndale, Michigan on March 26, 2020. - President Donald Trump, keen for an early lifting of economically costly social distancing measures against the coronavirus, said he would propose dividing the United States by risk levels. In a letter to state governors released by the White House, Trump said that better testing now allows the mapping of virus threat on a local level. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)
BOSTON, MA - MARCH 26: The Boston Public Garden on March 26, 2020 in Boston, United States. Massachusetts Governor Charlie Baker required all non-essential businesses to close on Tuesday and requested the population to stay home as much as possible. (Photo by Scott Eisen/Getty Images)
METHUEN, MA - MARCH 25: A sign in front of the Donald P. Timony Grammar School in Methuen, MA reminds students and parents to check their email often for updates on March 25, 2020. Massachusetts Governor Charlie Baker announced that schools in the state will remained closed until at least May 4 in response to the coronavirus emergency. The announcement came as state public health officials reported that the total number of coronavirus-related deaths had risen to 15, up from 11 the day before. Officials reported 679 new confirmed cases of the disease, bringing the tally in Massachusetts to 1,838, up from 1,159. Officials said 19,794 people had been tested as of Wednesday, up from 13,749. (Photo by Jim Davis/The Boston Globe via Getty Images)
A Los Angeles traffic officer wear a mask as he directs traffic on March 24, 2020. - In California, already under orders to stay home because of the coronavirus outbreak, Governor Gavin Newsom tightened the lockdown to shut parking lots at beaches and parks after tens of thousands flouted social distancing rules. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
SAN JOSE, CALIFORNIA - MARCH 24: Members of the California National Guard 115th Regional Support Group help pack boxes of food at the Second Harvest Food Bank of Silicon Valley on March 24, 2020 in San Jose, California. California Gov. Gavin Newsom has deployed the California National Guard to help distribute food at food banks across the state that have seen a huge decline in volunteers that usually help sort and pack food for the needy. (Photo by Justin Sullivan/Getty Images)
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Hundred of billions more for all types of businesses

Other impacted industries, from the cruise industry to hotels to restaurants, have a range of ways to get government cash.

Previous stimulus efforts put $50 billion aside for the Small Business Administration. That “money's already starting to be approved,” an SBA official told Yahoo Finance last Friday.

This deal ramps things up aggressively with hundreds of billions of dollars in loans now expected to be available in the coming weeks and months.

Senator Marco Rubio (R-Fl.), Chairman of the Senate Committee on Small Business and Entrepreneurship, was one of the leaders pushing the small business provisions. 

“This is not a program where you are going to the SBA, you are not going to a tent somewhere in a disaster area or some government office or some government website” he said on the Senate floor over the weekend “you are going to a bank, to a financial institution.” 

The banks will then - according to the plan - be able to process cash assistance quickly either through the SBA or through a new program that will be set up specifically to administer some of this money. The deal reportedly includes a $367 billion for the small business loan program as well as the $500 billion fund for a new lending agency.

WASHINGTON, DC - MARCH 24:  Sen. Marco Rubio (R-FL) talks to reporters after leaving a meeting with fellow Republican senators and Treasury Secretary Steven Mnuchin as negotiations continue on a $2 trillion economic stimulus in response to the coronavirus pandemic March 24, 2020 in Washington, DC. After days of tense negotiations -- and Democrats twice blocking the nearly $2 trillion package -- the Senate and Treasury Department appear to have reached important compromises on legislation to shore up the economy during the COVID-19 pandemic. (Photo by Chip Somodevilla/Getty Images)

What is still a bit of a mystery is exactly how this new lending agency will work. Senator Pat Toomey (R.-Pa) has been a central negotiator on this portion of the package and gave some insight into how this “big credit facility” will work on Sunday on NBC

He says the facility will have two components. One will be administered by the Treasury Secretary with direct loans for a short list of “seriously distressed and absolutely essential companies” likely including airlines.

The second component will be much bigger and be “a broad-based credit facility that will be available across categories, across sectors and industries.” Toomey says that the money this new facility gives out will be loans that, in the end, have to be repaid. “None of this is grant money” he said.

Businesses of all sizes - many of whom are currently facing the prospect of mass bankruptcies - will be able to participate in the different programs. 

This idea of a separate lending program - outside of the SBA - was also championed by Sen. Mark Warner (D-Va.). In a recent Yahoo Finance interview he noted that a second loan authority would allow more businesses to participate. In the past, he says, "there were all these well-intentioned programs but there was so much funding bureaucracy and underwriting that there was no take up rate."

There is also expected to be a crucial change in how at least some of these loans will work. Some of these loans appear set to eventually be forgiven and effectively become grants.

“They are going to be able to take an SBA loan that will give them two months of payroll and some overhead” Treasury Secretary Mnuchin said on Fox Business on Monday, adding  “And if they hire the workers back or they keep their workers hired, the government will forgive that loan.”

Provisions to ban stock buybacks

A lot of that cash - especially that from the new lending facility - will find its way into a range of publicly-traded companies. The deal includes provisions to stop these companies from using that cash for stock buybacks or executive bonuses.

"Every loan document will be public and made available to Congress very quickly so we can see where the money is going," Senator Schumer said Wednesday morning on the Senate floor.

A condition for receiving a government loan from the bill will be that a company cannot make stock buybacks for a year.

WASHINGTON, DC - MARCH 20: Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters before a meeting with a select group of Senate Republicans, Senate Democrats, and Trump administration officials in the Hart Senate Office Building on Capitol Hill March 20, 2020 in Washington, DC. The small group of lawmakers and officials are in negotiations about the phase 3 coronavirus stimulus bill, which leaders say they hope to have passed by Monday. (Photo by Drew Angerer/Getty Images)

The oversight provisions include a new inspector general position focused on oversight of these funds along with a 5-person congressional panel. The structure is similar to what was done for the Troubled Asset Relief Program of a decade ago.

Neil Barofsky, who was the special inspector general for TARP, noted in a Yahoo Finance interview Tuesday that “putting the entity in place, is a first step” he said adding “but then there has to actually be real oversight, real transparency.”

Schumer office added that the deal will “prohibit businesses controlled by the President, Vice President, Members of Congress, and heads of Executive Departments from receiving loans or investments from Treasury programs.”

A range of other stimulative measures

Hundreds of billions more dollars in the deal will also indirectly flow to businesses. First and foremost, lawmakers hope that the $1,200 dollar checks will be spent across a range of industries.

The deal also includes a massive expansion of unemployment insurance for 4 months. Schumer calls the agreement "unemployment compensation on steroids" and says that the federal government will pay the full salary of workers who are laid off as a result of the crisis.

The plan also includes a massive infusion of cash into the health-care industry.  Health care providers, community health centers, and hospitals are set to receive over $130 billion dollars to fight the virus while states and localities are set to receive another $150 billion.

Overall, Washington is hoping that the deal will set the stage for a robust economic recovery. “If we get this package, we'll be setting the stage for a good rebound in the second half of the year” said Larry Kudlow, the White House’s top economic adviser, told reporters Tuesday before the deal was finalized “that's our thinking.”

Ben Werschkul is a producer for Yahoo Finance in Washington, DC.

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