US Senate Majority Chief Mitch McConnell, Republican of Kentucky, holds a press briefing about laws in response to the novel coronavirus, COVID-19, on the US Capitol in Washington, DC, March 17, 2020.
Saul Loeb | AFP | Getty Photographs
Executives at firms that might obtain bailout money from the coronavirus-relief invoice unveiled by Senate Republicans on Thursday would see their annual compensation capped at $425,000 for 2 years.
The laws would additionally enable the federal government an opportunity to make cash off its investments in these corporations.
Below the proposal, the American airline trade would obtain $50 billion, cargo air carriers would get $eight billion, and different ailing industries would get $150 billion. The cash for cargo air carriers was an addition to the White Home's unique proposal, an individual acquainted with the scenario informed CNBC.
Senate Republicans now should negotiate the phrases of the ultimate invoice with their Democratic counterparts, in addition to with lawmakers within the...
Supply cnbc.com
