McConnell appeared on the Senate floor shortly after to say he had "good news".
The Senate leaders had earlier said that a deal was close.
It will include about US$500 billion in loans and assistance for larger companies, as well as states and cities, according to the latest drafts being circulated. "I'm optimistic but we'll see", Pelosi told reporters at the U.S. Capitol in Washington.
Education emergency assistance totaling $30.9 billion includes $13.5 billion for elementary and secondary education formula funding directly to states, to help schools respond to coronavirus and related school closures. Cargo haulers would be offered US$4 billion in strings-attached aid. The children, spouses and in-laws of the aforementioned principals are also included in this prohibition.
Mitch McConnell walks through the U.S. Capitol in Washington, D.C., on March 24. They also would have to limit executive bonuses and take steps to protect workers.
- That fund will include a number of transparency and oversight measures, including public disclosure of where the loan money goes, an inspector general to oversee the program, and a provision that high-level government officials can not benefit.
Notably, Democrats won language that would bar any business owned by Trump or his family from getting loans from Treasury.
$17 billion for SBA to cover 6 months of payments for small businesses with existing SBA loans.
Companies with fewer than 500 employees could be eligible for up to $10 million in forgivable small-business loans to allow them to keep paying their employees. The loans used for payroll, mortgage and rent will be forgiven. It would give adults in the United States a direct check of $1,200 (€1,108) and $500 (€462) per child. "So there's no decision about timing until we see the bill".
- $130 billion will be allocated for hospitals and other facilities, in what Democrats are calling a "Marshall Plan" for health care. No one will be charged for coronavirus tests. Several Democrats told Pelosi in a closed-door conference call on Tuesday that they are not comfortable with simply rubber stamping a Senate-passed bill.
White House legislative affairs director Eric Ueland made the announcement at about 1 a.m. ET. Those payments would phase out and end for those making $99,000 a year. "Then it becomes a question of health insurance".
The proposal is the third - and biggest - plan by Congress to confront the coronavirus crisis as the disease spreads. The New York Democrat immediately sent out a roster of negotiating wins for transit systems, hospital, and cash-hungry state governments that were cemented after Democrats blocked the measure in votes held Sunday and Monday to maneuver for such gains.