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Fine Print of Stimulus Bill Contains Special Deals for Industries

by staff
Fine Print of Stimulus Bill Contains Special Deals for Industries


WASHINGTON — Restaurants and retailers will get a tweak to federal tax law they have been seeking for more than a year that could save them $15 billion. Community banks are being granted their long-held wish of being freed to reduce the amount of capital they have to hold in reserve.

And for-profit colleges will be able to keep federal loan money from students who drop out because of the coronavirus.

Tucked into the largest bailout in United States history — a $2 trillion federal stimulus package agreed to by congressional leaders and the White House early Wednesday in an effort to reduce the economic devastation of the coronavirus outbreak — are a range of provisions that stand to…



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