Virginia Sen. Mark Warner’s Paycheck Security Act Would Pay Salaries and Benefits up to $90,000

Sen. Mark Warner’s Paycheck Security Act would pay up to $90,000 in the salaries and benefits of Americans who have lost their jobs because of coronavirus in exchange for employers halting layoffs and keeping wages at their current rate.

Warner announced his program, which was developed with Sens. Bernie Sanders (I-VT), Doug Jones (D-AL) and Richard Blumenthal(D-CT), on the Senate floor on May 13.

Under the proposal, businesses would receive employee tax retention grants for employers to pay the money to their furloughed or laid-off employees for up to six months.