Senate Republicans have a new stimulus bill. Here’s what’s in it.

Republicans’ new Heals Act would cut unemployment bonuses and protect businesses from coronavirus-related legal liability.

Senate Republicans have finally unveiled their opening bid in negotiations for the next coronavirus stimulus package, setting up a serious clash with Democrats in the coming days over funding for unemployment insurance and state governments.

The GOP bill arrives as Congress faces a pressing deadline: Enhanced unemployment insurance (UI) is set to expire this week, with millions receiving their final federal unemployment payments allotted by the Cares Act this past weekend. A federal eviction moratorium has also elapsed, and state and local governments increasingly feeling the strain of both dwindling tax revenues and rising coronavirus costs are looking to Congress for help.

Republicans have long chafed at spending more money on stimulus, and this reluctance is apparent in the new bill. Currently, UI recipients are receiving an extra $600 per week on top of their standard benefits, an amount Republicans would like to cut to $200 through September. Additionally, GOP lawmakers have prioritized the inclusion of liability protections for businesses, which would shield them from coronavirus-related lawsuits, while appearing to shy away from more funds for state and local governments.

Republicans introduced their stimulus bill, dubbed the Heals Act, 10 weeks after House Democrats passed their version, the Heroes Act, in the lower chamber. While the two proposals have some overlap — including support for another round of $1,200 stimulus checks — lawmakers have many other differences they still need to work out.

Speaker Nancy Pelosi acknowledged as much in a statement Monday, while criticizing Republicans for dragging their feet on their proposal amid an economic crisis. Republicans have argued that they waited on approving more aid, in part, because they were interested in seeing whether the economy could rebound on its own as states reopened.