New Stimulus Bill Hr Number

It includes a second round of 1 200 stimulus checks 600 weekly federal unemployment benefits 436 billion in new state and local aid 282 billion for education and childcare and new money.

New stimulus bill hr number. The spending primarily includes 300 billion in one time cash payments to individual. Ppp changes and the new ppp second draw loans. More information on the new bill s key hr related provisions are highlighted below.

Your business may be entitled to additional benefits under the new stimulus package. Keep in mind however that the leave provisions of the new law are open to dol review and interpretation. President trump signed the hr 133 consolidated appropriations act caa on december 27th which contains five fsa changes to help employees avoid losing funds.

Summary of h r 6074 116th congress 2019 2020. The federal government is providing states with the funding for the new benefit. 116 136 03 27 2020 coronavirus aid relief and economic security act or the cares act.

Congress and signed into law by president donald trump on march 27 2020 in response to the economic fallout of the covid 19 pandemic in the united states. The new provisions temporarily do away with the use it or lose it rule through 2022 by providing unlimited carryover and allowing mid year election changes without a qualifying status event like getting married or having a child. The ffcra requires businesses with fewer than 500 employees to provide employees up to 80 hours of paid sick leave for their own covid 19 related health needs or to care for others.

To help receive the benefits you need to continue operations through the pandemic contact our hr experts at 856 334 9711. This bill responds to the covid 19 i e coronavirus disease 2019 outbreak and its impact on the economy public health state and local governments individuals and businesses. As part of the stimulus package the economic aid to hard hit small businesses nonprofits and venues act the act appropriates 284 5 billion dollars to reopen the ppp loan program for first and second time borrowers and extends the program until march 31 2021.

Also congress is meeting this week and is reportedly considering another stimulus bill which would further extend ffcra. The coronavirus aid relief and economic security act also known as the cares act is a 2 2 trillion economic stimulus bill passed by the 116th u s. Under the new covid 19 stimulus bill state ui agencies will provide ui recipients with an additional 300 per week through march 14 2021.