Stimulus Bill What S In It

The bill known as the coronavirus response and relief supplemental appropriations act passed with large bipartisan majorities in both the house and senate.

Stimulus bill what s in it. Checks in the mail. The legislation includes 600 stimulus checks per person including adults and children. Congress approved late monday december 21 2020 a 5 593 page 2 3 trillion funding package consisting of a 900 billion end of the year coronavirus stimulus bill attached to a 1 4 trillion.

The legislation also extends pandemic unemployment assistance a program aimed at a. Biden has repeatedly referred to december s bill and the 600 stimulus checks that came with it as a down payment on more aid this year. That means a family of four would receive 2 400 up to a certain income threshold.

Of course while biden s proposal reveals his. Americans were already struggling with their student loans before the pandemic hit and drove up unemployment with more than 1 in 4 borrowers in delinquency or default. Beefed up stimulus payments the plan calls for sending another 1 400 per person to eligible recipients.

Outstanding student loan debt in the u s. The bill would extend the wage period through july 1 2021. Stimulus bill won t extend payment pause for student loan borrowers.

The bill expands direct payments to mixed status households. This money would be in addition to the 600 payments that were approved by congress in. The bill includes 166 billion in new direct payments of up to 600 per adult and child for individuals making up to 75 000 a year and 1 200 for couples making up to 150 000 a year.

The new benefit up to 300 per week is half the amount provided by the original stimulus bill in the spring. Washington cnn president donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. Has spiraled to more than 1 7 trillion and the average monthly.