by Charlie Spiering
“After the proposed bill was circulated on Capitol Hill, a Democrat aide said the current Pelosi bill was now up to 1,400 pages.”
House Speaker Nancy Pelosi debuted a 1,120-page coronavirus rescue bill after Democrats tanked the Senate proposal on Sunday night.
- Increased fuel emission standards for airlines receiving funds and carbon offsets:(1) IN GENERAL. Not later than 90 days after the enactment of this Act, the Administrator of the Federal Aviation Administration shall require each air carrier receiving assistance under section 101, to fully offset the annual carbon emissions of such air carriers for domestic flights beginning in 2025.
(1) IN GENERAL. The Administrator of the Federal Aviation Administration shall require each air carrier receiving assistance under section 101 to:(A) make and achieve a binding commitment to reduce the greenhouse gas emissions attributable to the domestic flights of such air carrier in every calendar year, beginning with 2021, on a path consistent with a 25 percent reduction in the aviation sector’s emissions from 2005 levels by 2035, and a 50 percent reduction in the sector’s emissions from 2005 levels by 2050, applying the standards, recommended practices, and guidance agreed to by the United States pursuant to the European Union Emissions Trading Scheme Prohibition Act of 2011
- Payment for up to $10,000 in student loans: (1) MINIMUM STUDENT LOAN RELIEF AS A RESULT OF THE COVID–19 NATIONAL EMERGENCY. Not later than 270 days after the last day of the COVID–19 emergency period, the Secretaries concerned shall jointly carry out a program under which a qualified borrower, with respect to the covered loans and private education of loans of such qualified borrower, shall receive in accordance with paragraph (3) an amount equal to the lesser of the following:(A) The total amount of each covered loan and each private education loan of the borrower; or (B) $10,000.
Read the rest of this article and see the entire bill HERE.