evidence: The new bill would use $1.6 billion of unspent funds that were previously given to the US Department of Agriculture by both the Democrats’ coronavirus relief package, known as the American Rescue Plan Act, and the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, which was signed into law by then-President Donald Trump in 2020, according to a summary from Senate Democrats. [...] The new bill would also use remaining unspent money in the Higher Education Emergency Relief Fund, totaling $500 million. That program provided funds to colleges so that they could give emergency financial aid grants to students whose lives were disrupted by the Covid-19 pandemic. The relief package would rescind more than $1.8 billion from the $10 billion in Covid-19 relief funds provided to the State Small Business Credit Initiative Program. The program aims to help states, the District of Columbia, territories and tribal governments "expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs." The bill would not rescind the money allocated specifically for small and disadvantaged businesses and very small businesses, according to a summary provided by Senate Democrats.