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The credit union for NASA employees said it would offer "a zero percent interest paycheck and furlough relief loan".
Mr. Steinberg is advocating that the stimulus bill include an emergency lending vehicle similar to the disaster relief loan program after Hurricane Katrina.
It then lets them deduct losses to the extent that they exceed 10percentt of adjusted gross income and are not covered by insurance, relief agencies or any part of a federal disaster relief loan that does not have to be repaid.
Still, it's hard to imagine a scenario where the airlines don't get a good-sized chunk of federal money, probably a combination of tax relief, loan guarantees and outright cash assistance.
Unlike previous infrastructure bills that have focused on funding for roads, bridges and ports, this package is more likely to include regulatory relief, loan guarantees and tax incentives for public-private partnerships.
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The loans were formally called Supplemental Terrorist Activity Relief loans.
The declaration made residents eligible for low-rate relief loans, grants and other financial assistance.
The supplemental loans are different from disaster relief loans, special low-interest loans provided directly by the S.B.A. to aid businesses directly affected by the terrorist attacks and generally close to the attack sites.
While more than half of the businesses citywide that have applied for disaster relief loans from the Small Business Administration are rejected, in Chinatown the rejection rate is even higher, business leaders in Chinatown say.
It also means pushing out federal disaster relief loans as quickly as possible and providing debt forgiveness to people who are already struggling to pay off federal loans in connection with the four hurricanes that ravaged the region in 2005 and 2008.
Not only has he quelled dissenters within the ruling Liberal Democratic Party LDPP), but he has assembled a bundle of measures to beat the economy back into motion, nationalised two of the country's sickest banks, provided relief loans to cash-starved employers, refused to be bullied by a hectoring China, and helped to bring Ichiro Ozawa's renegade Liberal Party back within the fold.
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