The president signed into law Wednesday a bill that would provide $500.9 billion in economic stimulus funds to states and localities over three years, a major stimulus package that Trump said would give people a “real chance to get back on their feet.”
The bill, called the American Recovery and Reinvestment Act, would provide aid to states for the construction of infrastructure, job creation, infrastructure spending, education and workforce training, according to the White House.
It also includes $50 billion for transportation infrastructure spending.
The money will go toward repairing roads, bridges, tunnels, water and wastewater infrastructure, the White, House and Congressional Budget Office (CBO) say.
The program was originally proposed by Trump in January.
Since then, lawmakers have passed several additional bills that would also provide aid.
The $500-billion stimulus is the biggest yet.
The package includes a $1.9 trillion package of tax relief for individuals and businesses, a $600 billion stimulus package for businesses and individuals, $300 billion for veterans’ benefits, $100 billion for education, $50 million for state and local governments, $25 million for the National Institutes of Health, $10 million for transportation, $15 million for science and technology, $30 million for veterans and $50 for public health.
It was not immediately clear what the money will cover.
It would be used to help address the economic recovery from Hurricane Harvey, which caused flooding, flooding damage and a potential humanitarian crisis in Texas.
The administration has been pressing for the $1 trillion stimulus package.
The first installment of the package was passed in the Senate on Sept. 22 and sent to Trump’s desk on Sept 12.
Senate Majority Leader Mitch McConnell, R-Ky., and House Speaker Paul Ryan, R.W., both Republicans, have said they would support the package if it reached their chamber.
The Senate Finance Committee voted Wednesday to begin debate on the second part of the bill, a larger bill that provides $500 to states, and the House voted on the third part in June.
Trump said the stimulus will provide jobs and boost wages, but also provide a boost to state and municipal governments and businesses.
It will also provide the nation’s largest stimulus in history.
He said it will create millions of jobs and will help families to afford the costs of rebuilding.
The American Recovery And Reinvesting Act was written to provide relief to Americans facing economic hardship and is designed to help states and municipalities recover from natural disasters.
The legislation was passed as part of Trump’s $1,000 stimulus package to help rebuild the nation after Hurricane Harvey in 2017.
The bill also includes billions for infrastructure and infrastructure spending by the government.
Trump has repeatedly said that his tax cuts and spending will create a trillion dollars of economic growth, but economists have said those numbers are a little overblown.
They have also said that the stimulus would do little to offset the economic contraction caused by the hurricane.