Latest Stimulus Bill Passed

According to a summary from house and senate democratic leaders the legislation will.

Latest stimulus bill passed. After the 1 8 trillion cares act passed in march as the. The legislation offers a wide range of help both for individuals and for struggling elements of the economy from mass. House of representatives voted to pass a bill to increase the 600 stimulus checks to 2 000 with the bill receiving the needed two thirds majority of the members voting.

Breaking down the 900b stimulus package and 1 4t omnibus bill. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. The bill greenlights another round of stimulus checks which could be sent out as early as next week this time at a reduced amount of 600 instead of 1200 provided by the cares act to single.

Based on previous stimulus money payouts and assuming congress passes a new relief bill by mid february the checks could arrive in bank accounts by late february although that would likely be a. Congressional leaders on monday released the text of a far reaching 900 billion covid 19 relief package. The size of the checks is significantly smaller than those included in the cares act in march which provided 1 200 for adults earning up to 75 000 although that bill only provided 500 for.

For the latest on the new cororavirus stimulus payments and other economic stimulus aspects of the law visit our covid 19 news page. That new stimulus check for 2021 won t actually give you a fresh 2 000 even if the bill passes.