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Coronavirus stimulus bill would ban companies owned by Trump or his children from receiving bailout money

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A provision in the massive bill prohibits “businesses controlled by the president, vice president, members of Congress, and heads of executive departments from receiving loans or investments from Treasury programs.”

A massive coronavirus stimulus plan that the Senate and White House agreed to in the early hours of Wednesday morning would bar any companies owned or controlled by President Donald Trump, the president’s children, Vice President Mike Pence, or members of Congress from receiving any taxpayer bailout money, according to a summary of the legislation circulated by Senate Minority Leader Chuck Schumer.

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The sprawling $2 trillion bill, which has not yet been released in full, would “prohibit businesses controlled by the president, vice president, members of Congress, and heads of executive departments from receiving loans or investments from Treasury programs,” Schumer’s summary states.

“The children, spouses, and in-laws of the aforementioned principals are also included in this prohibition,” the document adds.

Trump in recent days has voiced his desire for the hotel industry to be among the corporate beneficiaries of any congressional stimulus legislation and—after being pressed repeatedly by reporters—has refused to vow that his own companies would not receive money from any taxpayer bailout programs.

The president also asserted that he will personally oversee the corporate bailout funds. “We’re going to make good deals,” Trump said during a press briefing on Monday.

“Several Trump-branded properties have been affected by the virus-induced demand crash, as well as state and local restrictions on going out in public,” Bloomberg reported Wednesday morning.

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Senate Democrats earlier this week stopped the GOP’s efforts to advance an earlier version of the stimulus bill in an effort to extract concessions from the White House and Senate Republicans, who Democrats accused of attempting to force through a corporate “slush fund” with little regard for workers.

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In negotiations with Senate Republicans and Trump administration officials, Democrats reportedly won inclusion of a significant boost in unemployment benefits (which would also be extended to gig workers), more money for hospitals, and independent oversight of a $500 billion corporate loan fund that the legislation would establish.

As the heated talks over the stimulus bill progressed Tuesday, progressive lawmakers expressed concerns about the enormous legislative package, which could hit the Senate floor for a vote as soon as Wednesday afternoon.

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“The developments of this Senate relief bill are concerning,” Rep. Alexandria Ocasio-Cortez (D-N.Y.) tweeted Tuesday afternoon, before the Senate agreement was finalized. “We are hearing lots of vague statements, but not a single member of Congress has seen actual bill text. It seems to give a *HALF TRILLION DOLLARS* away to big corporations, with few worker protections. Half a trillion.”

With the House out of session and lawmakers wary of returning to Capitol Hill amid the coronavirus outbreak, House Speaker Nancy Pelosi (D-Calif.) is expected to attempt to pass the Senate bill by unanimous consent, which requires the agreement of every member.

“If unanimous consent is not possible,” the Washington Post reported, “aides of both parties said the most likely scenario would be a day-long vote where members would be encouraged to spread out their trips to the floor and not congregate as the vote is taken.”

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2020 Election

Trump accuses Democrats of ‘trying to steal an election’ with mail-in voting during the COVID-19 pandemic

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President Donald Trump accused Democrats of conspiring to steal an election at a hastily arranged news conference held at Trump National Golf Club Bedminster.

And angry Trump lashed out at Democrats for seeking to allow voting by mail in the November election.

Here's some of what people were saying about Trump's press conference, where he questioned if Democrats love America:

https://twitter.com/jeffmason1/status/1292196974746370055

https://twitter.com/margarettalev/status/1292197337465597957

https://twitter.com/ToluseO/status/1292197677984354306

https://twitter.com/vmsalama/status/1292197526960054273

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Pelosi blasts Trump as ‘not a well person’ and wonders if GOP is motivated by a ‘manhood thing’: report

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House Speaker Nancy Pelosi (D-CA) briefed members of the Democratic Caucus on Saturday about the state of negotiations over the next coronavirus stimulus bill.

Luke Broadwater, a congressional correspondent for The New York Times, posted a thread about the call on Twitter, citing "sources on call."

House Majority Leader Steny Hoyer (D-MD) was also on the call, and reportedly blasted White House chief of staff Mark Meadows for the failure to reach a deal.

“Meadows, when John Boehner and Paul Ryan was Speaker, impeded every agreement they tried to make with us on must-pass legislation," Hoyer reported said.

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Democratic pressure on intel agencies exposed a motherlode of information on foreign meddling helping Trump: report

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On Saturday, Politico reported that congressional Democrats believe their pressure campaign on the intelligence community was crucial to exposing Russia's newest plot to interfere with U.S. elections on behalf of President Donald Trump.

"For weeks, top Democratic lawmakers in the House and Senate have been blaring warnings and demanding briefings and public disclosures from the intelligence community, shrugging off Republican charges that they’re politicizing intelligence," reported Andrew Desiderio and Kyle Cheney. "And Democrats can now point to evidence that their pressure campaign might be working. On Friday, the Trump administration’s counterintelligence chief publicly confirmed that Russia is attempting to harm Joe Biden’s candidacy in 2020. The official, William Evanina, even singled out a pro-Russia Ukrainian, Andrii Derkach, as a key participant in the Kremlin’s new effort."

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