McConnell formally unveils Senate Republicans’ stimulus proposal: ‘The American people need more help’

Senate Republicans on Monday are formally unveiling their stimulus proposal, which will serve as an opening bid ahead of bipartisan negotiations with Democrats as lawmakers scramble to respond to the ongoing economic and public health crisis sparked by the pandemic.

Senate Majority Leader Mitch McConnell said In comments on the Senate floor, “The American people need more help,” and that the GOP proposal will be called the HEALS Act, an acronym for Health, Economic Assistance, Liability Protection and Schools.”

McConnell announced that a series of GOP committee chairmen will roll out the component parts of the legislation shortly.

“Just like in March with the CARES Act, Senate Republicans have authored another bold framework to help our nation. So now we need our Democratic colleagues to reprise their part as well,” McConnell said, calling on them to “put aside partisan stonewalling,” and “rediscover the sense of urgency that got the CARES Act across the finish line.”

McConnell has said that he hopes that in the next two to three weeks the Senate will be able to get the next coronavirus relief bill to the House.

Democrats are already unified behind their own opening offer — a $3 trillion proposal that passed the House back in May.

The GOP plan had originally been expected to be released last week, but was delayed amid disputes and holdups.

Hard-fought negotiations are expected ahead given that Democrats and Republicans are far away from each other in terms of both topline numbers as well as specifics in their proposals.

Republicans have also faced division within their own ranks as they have worked to put together a proposal, and some GOP senators are wary of spending more money on top of the trillions of coronavirus aid that lawmakers have already enacted.

Republican Sen. Ted Cruz of Texas said on Monday that he expects “significant resistance” from Republicans to the GOP stimulus bill.

“There is significant resistance to yet another trillion dollars. The answer to these challenges will not simply be shoveling cash out of Washington, the answer to these challenges will be getting people back to work. And as it stands now, I think it’s likely that you’ll see a number of Republicans in opposition to this bill and expressing serious concerns,” he said.

This story is breaking and will be updated.

CNN’s Ted Barrett contributed to this report.