- Senate minority leader Chuck Schumer secured a condition in the government's $ 2 trillion stimulus package that prohibited President Donald Trump's businesses from receiving money.
- With the reservation, companies belonging to members of Congress, Vice President Mike Pence and top members of the executive are also excluded from the bailout.
- Trump owns a number of high-end hotels and golf resorts – and some of its shops were closed during the pandemic.
- The aid package, agreed by the White House and the Senate early Wednesday morning, provides support for Americans who were fired in the crisis and for companies struggling in a severe economic downturn.
- You can find more stories on the Business Insider homepage.
Democratic minority leader Chuck Schumer secured money from the $ 2 trillion coronavirus stimulus package that banned companies from President Donald Trump, his family, senior US officials, and members of Congress To receive funds.
A spokesman for Schumer's office said Reuters Provided that companies owned by Vice President Mike Pence and executive director are also not allowed to receive finance department loans and investments in the aid program.
The Senate and the White House agreed on a massive $ 2 trillion stimulus package to help American workers and businesses mitigate the devastating economic effects of the corona virus. They reached the agreement early Wednesday morning.
The agreement will provide direct payments and unemployment benefits to millions of Americans whose livelihoods are at risk from the pandemic, and help states and businesses to offset the economic impact of the crisis.
Before the deal was reached, there was speculation about how an aid package would affect companies from Trump, a real estate developer that owns a number of high-end hotels and golf courses in the United States – some of which have been closed as part of measures to contain the outbreak.
Closed companies include six of Trump's seven most profitable companies, including resorts and hotels in South Florida, New Jersey, and Las Vegas. The Washington Post reported.
According to Trump's latest annual financial statements, companies will cease to exist in 2018 $ 174 million a year from Trump's annual sales.
In recent days, Trump has advocated easing strict quarantine measures to contain the outbreak to reduce the economic impact. Many critics have said that easing the measures could endanger public health.
One of the key sticking points of the $ 2 trillion aid bill was the provision of supervision to secure the corporate fund was distributed fairlyand this finance minister Steve Mnuchin did not allow Trump and his allies to benefit from it.
Trump no longer plays a direct role in the day-to-day running of his business and has passed control over to his two sons, Eric and Donald Jr.
Under Schumer's reservation, companies belonging to children or spouses of top officials and legislators are also excluded from the aid package. CNN's Manu Raju tweeted.
But earlier this week, neither Trump nor his company, the Trump Organization, had ruled out applying for Congress bailout funds if they became available.
"Everything changes just so you understand, everything changes," Trump said said on Sunday. "But I have no idea."