Congress Passes and President Trump Signs Year-End Appropriations Bill with Key Small Business and Other Lending and Liquidity Benefits | Practical Law
On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (Act), a $2.3 trillion omnibus appropriations bill. The Act provides $900 billion in COVID-related financial stimulus programs and contains several significant small business and other lending and liquidity provisions. Although President Trump expressed disapproval of certain provisions (none of which are relevant to this Legal Update), he signed the Act into law on December 27, 2020.