116th Congress
WASHINGTON DC (WFSB) - A bill aimed at creating bonds, such as those made during World War II, to help fund the federal government's public coronavirus response will be introduced on Wednesday.
Rep. John Larson, who represents Connecticut's 1st District, called it the Victory Bonds Act of 2020.
The bill will direct the Department of the Treasury to create government savings bonds, with all revenue directed to funding the federal government's public health response to the COVID-19 pandemic and support for small businesses.
Congressman John Larson is the only member of the Connecticut congressional delegation asked to be part of the "Opening Up America Again" congressional group assembled by President Donald Trump. This group is a sprawling and nominally bipartisan assemblage that features three times as many Republicans as Democrats.
"As public health experts and most notably, Dr. Fauci have stated, the COVID-19 pandemic is first and foremost a health crisis, which has devastated the economy," Larson said in a statement.
He said the health and economic issues need to be addressed head on and at the same time.