LindseyGraham.com





This fight against COVID-19 is unlike anything we've seen in our
lifetimes. However, I am dedicated to doing whatever it takes to
help our nation through this unprecedented virus outbreak.















John,

Yesterday, President Trump signed the CARES Act into law. This
$2.2 trillion bill, which will help stabilize our economy and get
resources to our medical professionals, was the product of a lot
of hard work between Republicans and Democrats.

I am proud of many of the economic provisions in this
legislation. Here are a few of the highlights of the new law.

Financial relief for middle-class families.


$1,200 per adult or $2,400 per couple.
$500 per child.

$350 billion in small business loans to help our local companies
cover payroll, pay rent, and other bills.

Loan money spent on salary and other expenses can be forgiven.

$117 billion for hospitals and veterans' health care.

Rural healthcare prioritized through expanded telehealth and home
health services.
Loan money spent on salary and other expenses can be forgiven.

More than $1.25 billion for the State of South Carolina to deal
with coronavirus-related needs.
And much, much more. (Additional details can be found below)

The $1,200 per person payment is a lot of money to middle class
individuals and families, and it will help keep the lights on and
the refrigerator stocked. If you're on Social Security and
haven't paid income taxes, you'll still get a payment. Any adult
making less than $75,000 in 2018 will get a payment. The money
will come via direct deposit if you receive your tax refund or
Social Security payment that way, or it will come via check if
you are not already set up with direct deposit with the IRS.
It's going to take a few weeks, but the money will be coming as
quickly as possible.

This virus is impacting every community in South Carolina. For
instance, there are 1,700 restaurants in Myrtle Beach, virtually
all of which are shut down. Our goal is for them - and small
businesses like them all over the state - to be able to go to the
bank, get a loan, keep their employees on the payroll, pay the
rent, keep the lights on until this thing turns the corner, and
then have most or all of the loan forgiven. That helps
businesses stay solvent and keeps employees getting paid through
this crisis.

While the CARES Act does a lot of good, it also contains a
provision which I strongly opposed and tried to change. The law
allows some individuals to make significantly more money from
unemployment benefits than they would working at their full-time
job. I coauthored an amendment to cap the unemployment benefits
at 100% of what laid off workers were making at their job, but
the amendment was defeated by a vote of 48-48. I will continue
working to correct this part of the law in the weeks to come so
that the government doesn't pay people more money not to work.

This fight against COVID-19 is unlike anything we've seen in our
lifetimes. However, I am dedicated to doing whatever it takes to
help our nation through this unprecedented virus outbreak.

To further explain this legislation, I hosted a Town Hall meeting
yesterday on Facebook where I answered numerous questions from
constituents about how the law works. You can watch the video
here.

Please check in on your neighbors, take care of your families,
and practice social distancing at all times. We will get through
this together and emerge stronger than ever.

God bless you.

Sincerely,



Lindsey Graham
United States Senator



HIGHLIGHTS OF THE CARES ACT

Provides Money to American Families

Gives a one-time tax rebate check of $1,200 to every American
whose 2018 tax return, or 2019 if filed, showed income at or
below $75,000. That's $2,400 per married couple, with an extra
$500 per child. There's no minimum threshold, so all working
people benefit. That assistance is reduced for those earning
between $75,000 - $99,000, and ends at $99,000, to give more help
to the middle class.

Expands unemployment insurance to self-employed workers and makes
more money available for longer.

Makes it possible for self-employed and independent contractors
in the "gig economy" to receive unemployment, and increases
benefits by adding $600 per week for up to four months.

Additional $260 billion to support workers affected by COVID-19.

Under this pandemic unemployment assistance program, funding will
also be provided to states to reimburse 501(c)(3) nonprofits,
government agencies, and Indian tribes for half of the costs they
incur to pay unemployment benefits.


Helps Small Businesses Keep Employees and Stay Open

Creates a "Paycheck Protection program" that will provide 8 weeks
of cash-flow assistance through 100 percent federally guaranteed
loans to small businesses who maintain their payroll. That means
these small businesses, self-employed individuals, and "gig
economy" workers have the support they need to keep their
businesses going and keep their employees on payroll. This
program is also available to 501(c)(3) nonprofits, 501(c)(19)
veteran's organizations, and 31(b)(2)(c) tribal organizations.

$350 billion in federally guaranteed credit for small businesses
so that they can keep staff.

$10 billion for Small Business Administration emergency grants of
up to $10,000 to provide immediate relief for small business
operating costs.

$17 billion for the Small Business Administration to cover 6
months of payments for small businesses with existing loans.


Helps Families Stay in Their Home

Implements a Foreclosure Moratorium on Federally-Backed Mortgages
for People Who Experience Hardship as a Result of COVID-19 -
Prohibits foreclosures on all federally-backed mortgage loans for
a 60-day period beginning March 18, 2020. Provides up to 180 days
of forbearance for borrowers of a federally-backed mortgage loan
who have experienced hardship related to the COVID-19 emergency.


Provides Relief to People with Federal Student Loans Affected by
COVID-19

Requires federal student loan payments, principal, and interest
be deferred for 6 months through September 30, 2020 without
penalty to the student. This provides relief for over 95 percent
of student loan borrowers.


Fully mobilizes America's health care sector and prioritizes
rural health

Significantly expands telehealth so that patients can see doctors
with whom they don't already have a relationship from the safety
of their own home, connecting people on home dialysis with
providers, and allowing federally qualified health centers to
participate.

The bill also fully mobilizes the care community empowering nurse
practitioners and physicians' assistants to prescribe home health
services.


Makes Common Sense Reforms to Health Savings Accounts

Allows the use of HSAs to cover telehealth and over the counter
drugs without a prescription.


Stabilizes the Economy by Authorizing the Federal Reserve to
Provide Liquidity to Markets

Provides $454 billion for loans, loan guarantees, and investments
in support of the Federal Reserve's lending facilities to
eligible businesses, states, and municipalities.


Provides Loans (Not Bailouts) to Support Important National
Industry

Provides direct lending through the Treasury's Exchange
Stabilization Fund to passenger airlines, cargo airlines, and
businesses important to "maintaining national security."


Protects Workers, Not Executive Compensation

Prohibits the passenger airlines, cargo airlines, and businesses
important to maintaining national security from engaging in stock
buybacks and increasing compensation of any officer or employee
beyond $425,000. These recipients are also required to maintain
payroll in order to receive grants.

Additionally, the Congress allocates $340 billion of emergency
funding to combat the coronavirus outbreak on all fronts.

More than 80%, or $274 billion, of this funding will go to state
and local governments.

The comprehensive package brings to bear the full resources of
the federal government to protect the health and well-being of
Americans.


THIS PACKAGE ALSO INCLUDES FOR HEALTH CARE RESPONDERS

$117 billion for hospitals and veterans' health care;

$45 billion for FEMA disaster relief fund;

$16 billion for the Strategic National Stockpile which includes
procuring personal protective equipment, ventilators, and other
necessary medical supplies for federal and state response
efforts.

















Lindsey Graham is a fighter who doesn't back down from a
challenge. He's a conservative who gets things done. He's a
leader who puts our country above all!

In the United States Senate, South Carolina's Lindsey Graham has
earned a reputation as a conservative, a problem-solver, and a
leader who gets things done. He is a great friend to our men and
women serving in uniform, a respected voice on national security
matters, a leading advocate for cutting the out-of-control
spending in Washington, and a champion for confirming
conservative judges.

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