Earlier this week, the Department of the Treasury released its requests to Congress for the third-phase of COVID-19 response legislation. This request includes $500 billion in direct payments to Americans, $300 billion in loans to small businesses, $150 billion to distressed industries, and $50 billion to the airline industry. Add it all up, and we’re looking at a $1 trillion package to address COVID-19, in addition to the roughly $110 billion that Congress has already spent in response to the pandemic.