Nearly half of the bill's total aid is set aside for business loans.
Struggling companies can draw from a $500 billion pool, though companies receiving emergency funds face several restrictions. Participating companies are banned from issuing stock buybacks or paying dividends until one year after they pay back their loans. Recipient firms will also be forced to limit executive compensation.
Trump has repeatedly hinted that much of the aid will flow to Boeing, which has seen its stock price tumble as much as 72% from mid-February highs.
The legislation further includes $50 billion specifically set aside for passenger air carriers. The industry is among the hardest hit by the virus, as containment measures cut into domestic travel and limited international flights.
Small businesses, or companies with 500 employees or less, will get $367 billion. The firms will be encouraged to maintain payroll, and costs including mortgage interest, rent, and utilities may be forgiven if certain requirements are met.
The Treasury Department will disclose terms for loans made to all firms, while a new inspector general will oversee the offerings.
State and local governments will receive up to $150 billion worth of loans.
Direct payments to lower- and middle-income Americans will reach $1,200 for each adult and $500 for each child younger than 17.
Sums will be delivered through direct deposit if such information was included in individuals' tax returns, and otherwise reach Americans in the form of a mailed check.
Payments will be available for single filers who made less than $75,000 per year and married households taking in less than $150,000. The total amounts paid decline by $5 for every $100 in annual income above the set levels. The Treasury will refer to either 2018 or 2019 tax returns for income information.
The payments won't be available for those without social security numbers or for nonresidents. Those without income or whose only income comes from benefit programs are still eligible for payments.
Hospitals and healthcare providers will receive a $100 billion injection.
Billions more will be set aside for testing supplies, equipment, and additional payroll aid.
The legislation vastly expands jobless benefits, extending insurance to four months and adding $600 to weekly payments on top of what state programs pay out.
Weekly jobless claims spiked to a two-year high in the week ended March 14 as businesses hit by the virus's fallout began laying off workers. Economists project the week ended March 21 to show an even more alarming increase. Citigroup expects the metric to surge from 281,000 to 4 million as the virus drags economic activity to a snail's pace.
States will receive $400 million to bolster election programs ahead of 2020 voting.
Several states postponed primary elections to avoid large gatherings and potential virus spread. The funds are set to expand online voter registration, early voting, and vote-by-mail programs.
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