Senate GOP unveils coronavirus relief plan with 70% wage replacement in unemployment insurance

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'It also involves the principle of not paying your neighbor more to stay home than you're making to go back to work,' Senator Mitch McConnell said of the newly-released Republican coronavirus stimulus bill.

Here is what we know about the bill, as Republican leaders release the details:

The GOP would set the benefit at a sum of $200 per week on top of what recipients would normally receive from states through September, slashing what they got from April through July. In October, the 70% replacement would take effect up to a maximum of $500 per week. The legislation would shield entities such as businesses, doctors and schools from lawsuits, except for cases of "gross negligence" or "willful misconduct."

The bill provides $105 billion to help schools reopen in the fall. Roughly $30 billion of that amount would go to colleges, according to Senate Health, Education, Labor, and Pensions Chairman Lamar Alexander, R-Tenn. Most of the money would go to schools physically reopening to help them with the costs associated with safely restarting.

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