IARN — Discussions are taking place behind the scenes on the next coronavirus aid package to come out of Washington, D.C. That, however, is the good news. Formal negotiations between House and Senate leaders will not take place until July 20th. That note comes from Senate Finance Committee Chair Chuck Grassley.
“We’re going to try to get things put into place for ethanol and biofuels, as well as more overall help for agriculture,” Grassley says. While there are some Republicans that have questioned the need to spend more money on aid, Grassley says Senate Majority Leader Mitch McConnell wants to pass another aid package and that it must contain limits on liability due to the coronavirus.
Grassley says the reasons to wait-and-see until July 20th include figuring out what the state of the economy looks like by then. They also will see how much of the aid to state localities and hospitals has been spent, as well as to check out how much money remains in the Payroll Protection Program, run by the Small Business Administration.
Story courtesy of the Iowa Agribusiness Radio Network.