OMAHA, Neb. (KMTV) — After the Senate passed a $2 trillion stimulus bill Wednesday night, it will be on the House of Representatives to pass their version and it send to the President's desk.
The CARES Act includes over $370 billion in funds for Small Business Administration loans. That portion of the bill is what Congressman Don Bacon (NE-2) says will help Nebraskans the most.
“I talked to so many businesses in Omaha that if this doesn’t happen, they’re ready to shut their doors. So we have to act on it, this bill is not perfect, I would have done some things differently. But it’s a must do and we have to get it done,” says Bacon.
Right now the House is not in session, but that will change by Friday when they first try to pass the bill through the unanimous consent process. If one House member objects, then the entire House of Representatives will be called back for a vote soon after.
The Senate passed the bill 96-0, and while Bacon also plans to vote for it, he tells 3 News Now he's not in favor of some portions of it. That includes a part that gives every American that makes less than $75,000 a year, or $150,000 as a couple, a $1,200 check.
He says this will give people federal money that aren't hurt by this.
“Some folks will be getting money, that haven’t had their jobs lost, haven’t had a reduction in pay, and yes, on one hand they’ll be spending that money, but I just think that makes the whole bill more expensive then it needs to be,” says Bacon.
There is talk of another stimulus package coming down the line. Bacon, a Republican, says he wants to see how the first one works, but says there are a few things that he wants to see fixed.
“Some of our non-profits weren’t included so there needs to be some adjustments to this bill, but I’m a little worried, saying alright let’s do a round four that is the same size and scope of this bill," says Bacon.