The National Association of Home Builders has summarized the a $2.2 trillion economic stimulus package that was approved by the U.S. Senate shortly before midnight on March 25. The bill now goes to the House for approval and President Trump is expected to sign it immediately.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several provisions to help small businesses and those engaged in the residential construction sector, NAHB notes, from loans to tax credits, and more. See the full story at the NAHBNow blog.
The National Lumber and Building Material Dealers Association applauded the Senate’s passage of the bill.
NLBMDA is continuing to engage with Congress and other industry stakeholders as this legislation now moves to the House of Representatives.