قالب وردپرس درنا توس
Home / Tips and Tricks / Congress reaches agreement on new stimulus bill: $ 600 checks, $ 300 unemployment money, more

Congress reaches agreement on new stimulus bill: $ 600 checks, $ 300 unemployment money, more



    022-cash-stimulus-empty-wallet-economic-crisis-dollar-banknote-currency-2020

Soon we will know every detail of the latest $ 900 incentive proposal for 2020.

Sarah Tew / CNET

The final content of an approx $ 900 Billion COVID-19 Incentive Package were agreed to late on Sunday, after weeks of back and forth negotiating the details of the bill. The text of the economic bailout bill has not yet come to light as lawmakers continue to work on the final language of the legislation, but the House of Representatives is preparing to vote Monday once the bill is ready.

When and if it passes this week, the new stimulus package will be shipped a second stimulus check from up to $ 600 to qualified adults and their dependent children – but not dependent adults, according to The Washington Post – and refresh a handful of them government benefits expire from this week, inclusive federal unemployment financial aid and rental assistance.

“We can finally report what our nation has long needed to hear,” Senator Majority Leader Mitch McConnell said on the Senate floor on Sunday. “The four leaders of the Senate and House have reached an agreement: it will be another major bailout package for the American people.”

Congress must act quickly. Lawmakers linked the new bailout with a federal budget package that would fund the government through the end of the fiscal year. Congress on Sunday worked to extend the current budget through Monday so that the House and Senate have enough time to approve the package and then have President Donald Trump sign it into law.

These are the key issues in the economic stimulus package that Congress leaders reportedly agreed today, including the funding it contains, such as details on the second stimulus control – and what’s left behind. This story is often updated with new information.

read more: Will there be one third stimulus check? How a the new convention in January could be the key.

A second $ 600 stimulus check and …

Negotiators have decided: a second stimulus control for a maximum of $ 600 and an additional flat fee of $ 600 each eligible child, reduced from a maximum of $ 1,200 per eligible adult on the first check and $ 500 per dependent child. Some time thought was given to dependents of all ages.

While the The qualifications for incentive payments can remain about the same in a second stimulus controla change could include payments for families with a non-citizen parent, according to The Washington Post. That arrangement disqualified families from the first check.


Now playing:
Look at this:

Following stimulus checks: what to expect


3:03

$ 300 a week in federal unemployment benefits

The CARES Act passed in March gave $ 600 a week to people out of work, in addition to their usual unemployment check. When this funding expired in late July, President Donald Trump has signed an executive action to pay a bonus of $ 300 per week. Which the money will run out by December 31.

The bipartisan proposal would generate $ 300 a week in additional federal unemployment benefits for 11 weeks, according to reports. Payments are not retroactive. There are more details on this weekly unemployment checks.

No liability protection against COVID-19 lawsuits this time

A major sticking point during the summer and fall, Republican lawmakers have backed limiting COVID-19 liability to guard against lawsuits against businesses, schools, hospitals and other organizations from people who said these institutions were causing them the coronavirus acquired except in cases of gross negligence. Democrats have opposed the plan.

The coronavirus liability shield, along with money for state and local funding, is broken down into a separate $ 160 billion piece of legislation. It now seems likely that a final stimulus law in 2020 wouldn’t include this, but that discussion could pick up again in 2021.

“We all know the new administration is going to call for a different package,” said Mitch McConnell, leader of the Senate majority. “We can live to fight one more day about what we disagree on, but we all agree to get on with what we do can agree about. That is the way forward. “

Expand the Payroll Protection Program to cover employee wages

The Payroll Protection Program initially provided forgivable loans to small businesses as a way to cover workers’ wages so that they did not have to lay off employees.

The new bipartisan proposal would add $ 284 billion to the Paycheck Protection Program for forgiven small business loans. The bill would aim to support businesses particularly hard hit by closings, including nonprofits, restaurants and live venues.

011-stimulus-piggy-bank-tear-falling-money-clip-scale

Both parties are weighing up the options for a possible stimulus package.

Sarah Tew / CNET

Renew an eviction ban for tenants

The CARES Act has one national ban on deportations for tenants who were late with their rent. When that was due to expire, Trump extended the ban. But that extension will also expire at the end of the year.

The new bipartisan proposal would help protect against evictions by providing $ 25 billion to state and local governments to pay rent and utilities. The bill would also extend an expulsion moratorium until January 31, 2021.

Funding for health care and coronavirus vaccinations

With the US being first wave of vaccinations against the coronavirus, the proposals turn to financing distribution of the Covid-19 vaccine. The bipartisan proposal would raise $ 16 billion for vaccine development and distribution, along with funding coronavirus testing and track down contact efforts.

read more: What you need to know about the COVID-19 vaccine timeline, hidden costs, and more

Money for schools, childcare and food aid

Funding for education was part of proposals for more economic aid dating back to May. The new bipartisan bill sets aside $ 82 billion for education and $ 10 billion for childcare. The bill also includes $ 13 billion for the Supplemental Nutrition Assistance Program (SNAP).

State and local aid money? Not this time

The bipartisan proposal would split $ 160 billion for state and local aid into the liability guard package. It is intended that Congress would be able to consider the two conflict areas separately from the bill that focuses solely on economic relief.

While we wait to see how and when negotiations shake up on current proposals, here’s what you need to know loans against coronavirus, unemployment insurance and what to do if you lost your job.




Source link