THREAD: $2 trillion Senate bill includes an enormous number of important provisions that will help US get through historic crisis. But it also has some narrowly tailored provisions pushed by lobbyists in DC. LET's TAKE A LOOK. First the story w @kenvogel nytimes.com/2020/03/25/us/…
First up: Community Banks. Much of last year, industry pushed the FDIC to allow them to have 8 percent capital reserves. They lost. FDIC said it had to be 9 percent. Coronavirus was an opening. They pushed Congress to overrule FDIC, at least temporarily. That is in the bill
Next: Hotels. Normally, more than 500 employees isn't considered a small business. But hotel owners with multiple properties wanted to be eligible for Small Business loans/grants to pay wages in the Coronavirus package. Lobbyists intervened. Now its 500 employees PER HOTEL
Guess who has a small chain of hotels that are run by a company that overall has more than 500 employees, but whose individual properties might now be eligible for this provision: Trump Org. Unclear if they will use this. We asked.
NEXT: They call it the "Retail Glitch" what retailers say was a mistake in 2017 tax bill that prevented stores, restaurants and HOTELS from getting a fast tax break on renovations. Industry pushed for more than a year to fix it. Coronavirus gave them an opening. It is in the bill
FOR PROFIT COLLEGES: Would be able to retain more of the money they collect via federal loans to their students, even if students drop out, in a provision that is in the bill. Works for all colleges. But for profit may benefit most.
Again, this bill does incredibly important things for a lot of sectors of the US. Just pointing out there are various provisions that benefit individual sectors--provisions inserted after lobbyists intervened. That is how Washington works. Even in a global health crisis.
It is our job to find this stuff. So we did. "Fine Print of Stimulus Bill Contains Special Deals for Industries" with @kenvogel nytimes.com/2020/03/25/us/…
BIGGEST BAILOUT IN US HISTORY: The "final" version of the Senate $2 trillion relief package has now been published. A little night time reading. It's 883 pages long. Click on this link. Welcome tips on other things that we should draw attention to. int.nyt.com/data/documenth… 
FYI, told there will be another version of this bill. It was called final. But still will be another.
It was after 11 pm. By a 96 to 0 vote. The $2 trillion package passes the Senate. House will take it up Friday. nyti.ms/2vPDJ1P
