But we can pick a short time frame when Congressthe green light based on the Senate calendar, which includes two long summer recesses when senators will be in their home countries. We also calculated a possible time for the IRS to send the first batch of new checks, if approved. Read on for what we know.
This story is updated regularly with new information. If you are still waiting for the first round, you cancheck out some possible and learn .
Timeline of Stimulus Control: These Dates Are Important.
Let's start with the strongest promise we've heard yet about the stimulus control decision, which McConnell received in a June 30 briefing.
"We remain on the schedule that I announced earlier this year. We will not be here in August," said McConnell. He also warned that the next aid package will also be the last.
If the Senate sticks to that goal – to decide on another stimulus package before August – then we can break the basic deadline that Congress has to work. with if a bailout bill still needs to be approved.
July 3 to July 17 : The Senate takes a scheduled break from Friday, July 3 through Friday, July 17, and returns to work on Monday, July 20.
According to Blunt, members of the Senate will use the July hiatus to gather the information they need for a second packageand then be ready to go back to work. "I think the timing will be just right for us to know what we need to know for a package that will take us to August, September and October," Blunt said Tuesday.
July 20 to August. 7 : The Senate sits in three working weeks, through Friday, August 7. That gives the Senate 15 business days (excluding weekends) to debate a bill for the next summer break.
Aug. Sept 10 to 7. : The Senate will hold its recess in August, which lasts until Labor Day (Monday, Sept. 7). There are 32 days from the last date of the Senate session (August 7) to the first day of the next session (September 8). The senate is not working during the August hiatus, McConnell said Tuesday.
If the Senate includes a second stimulus package in July, a new bill authorizing checks should pass both chambers on or before Friday August. 7, to get through prior to the Senate break in August.
Sept. September 8 to 25 : The Senate is back in session. If Congress does not complete the stimulus package at the beginning of the August break, it should resume in September.
When can the IRS send a second stimulus payment?
If the House and Senate give the green light to a second round of stimulus checks, it is not out of the question that checks could be sent by the IRS in August.
For reference, the President signed the CARES Act on March 27, and the first stimulus payments went out less than three weeks later, on April 15.
For speculative purposes only, let's say a new incentive law becomes law on Friday, August 7. According to the CARES Act timeline, the first checks could take place on August 26.
However, it is likely that the IRS could go even faster to broadcast theas it already has the mechanism from the first batch, including a tool for people to sign up and .
Factors such as the number of people who would qualify for a payment for the second time may play a role in slowing or accelerating this timeline.
What is the last date on which I could receive a second stimulus check?
Although we know nothing officially – and will not do so until another rescue package is official – we can draw on the experience of the first stimulus checks as a possible blueprint. The IRS will have sent approximately 200 million checks by the time it has finished distributing payments. (The total US population is nearly 330 million people, according to the Census Bureau.)
In early June, the House Ways and Means Committee (PDF) estimated an estimated 35 million Americans still owed a payment. The IRS will continue to pay out the last batches through the end of the year. However, ifit is possible that it will not take that long to send a second check round.
If you haven't received your money yet,. If you are concerned you should receive your check and not, .
Do we need a second stimulus check? The unemployment debate is heating up
Is a second stimulus check necessary? That question is central to this debate.
"The way forward for the economy remains extremely uncertain and will depend in large part on our success in," Federal Reserve President Jerome Powell said during the testimony on Tuesday. from the house. "The further path will also depend on policies taken at all levels of government to provide relief and support recovery for as long as necessary."
Weekly unemployment claims continue to demonstrate a US economy struggling to find support. For the week ending June 27, 1.42 million workers filed a jobless claim for the first time, meaning 15 weeks of contiguous new claims were more than 1 million, the Labor Department reported (PDF). Initial claims had fallen slightly from the previous week's 1.48 million.
A June study (pdf) from the Center for Poverty and Social Policy at Columbia University found that without the stimulus money, America's poverty level could have risen from 12.5% before the pandemic to 16.3 % today.
The center predicted, "If high unemployment continues after July 2020, additional income support will be needed" to prevent poverty from rising during the. The study also points out the categories of people who are not eligible to receive the funds approved by the CARES law and that some eligible families face roadblocks receiving their benefits. The that remain somewhat upright will end on .
What is needed to get a second stimulus check and what happens now?
The passage of a second round of IRS payments seems to depend on two things:and whether lawmakers believe a direct payment to millions is the best way to responding to the .
We are waiting for the Senate to return from its July recess to include the next stimulus package. To get a second check, the proposed rescue package would have to pass both the House and the Senate before getting a signature from the President. Only then could it have an effect.
After that, the IRS now has a system in place to organize and distribute those controls. But it may take weeks before you receive a payment.
We will continue to update this story with new information as it occurs. While the future of a second stimulation bill is still inconclusive, we do share available resources onand and and how you .