House panel approves $3.8 billion stimulus package

A bipartisan panel on Thursday approved a $3 billion stimulus bill that would spend $3,835 billion on public works and other programs.

The House Appropriations Committee approved the package with the backing of House Majority Leader Kevin McCarthy, R-Calif., and Minority Leader Nancy Pelosi, D-Calif.

The Senate approved the legislation Wednesday.

“This is a huge victory for our country, a big win for the American people, and it shows that our job is to make sure that the American dream is not just achievable for those who are in this room, but it is also achievable for everyone,” McCarthy said in a statement.

The stimulus package includes $1.1 trillion in stimulus funds for the first three years of the package, which is intended to spur economic growth and create more jobs for the nation.

It includes $700 billion in new spending for housing assistance, and $250 billion in grants for states to help with education, transportation and job training.

Other major pieces of the stimulus package include: $1 trillion for the National Institutes of Health, $2.5 trillion for energy efficiency and conservation projects, and an additional $1 billion for job training and retraining for low-wage workers.

Other programs that will receive $1 or more of stimulus funds include:A $200 billion boost for Pell Grants, $150 billion for the Workforce Investment Act, $100 billion for Job Training and Retraining, $75 billion for Pell grants to help workers pay for college, $40 billion for an increase in the minimum wage, $20 billion for a boost in Pell Grants for low and moderate-income Americans and $15 billion for grants to boost vocational training and education.

The package includes other stimulus measures including $300 million to help farmers pay off debt.

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