Trump signs $484 billion stimulus package into law

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Trump signs $484 billion stimulus package into law
President Donald Trump signs into law a $1.5 trillion tax overhaul package, Friday, Dec. 22, 2017, in the Oval Office of the White House in Washington.Evan Vucci/AP
  • President Donald Trump signed a $484 billion stimulus package into law on Friday.
  • The bill passed the House on Thursday, with four Republicans and one Democrat voting against it.
  • Lawmakers are still expected to put together another larger package to follow the CARES Act.
  • Visit Business Insider's homepage for more stories.
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President Donald Trump signed into law on Friday a $484 billion stimulus package to provide some relief to small businesses and the healthcare system.

The bill includes funding for the small business lending program that quickly ran out of funds earlier this month. It also includes plans to scale up testing.

The House passed the largely bipartisan bill on Thursday, with four Republicans and one Democrat voting against it. The Senate passed the legislation by voice vote on Tuesday.

Lawmakers are still expected to propose a follow-up to the larger CARES Act in the coming weeks, but Democrats and Republicans have struggled to come to an agreement on what should be included.

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