Second Stimulus Bill Provisions

However with that comes another 250 million in grants for reintegrating former incarcerated individuals and preventing recidivism.

Second stimulus bill provisions. Over the last six months lawmakers in the capitol have struggled to agree on a second large scale stimulus package to help americans survive the economic fallout of the pandemic. Individuals with adjusted gross incomes up to 75 000 will receive the full amount 600. In the waning days of 2020 congress passed a second.

The second stimulus will include 600 direct checks to americans making less than 75 000 per year and weekly federal unemployment benefits at 300 per week exactly half the amount provided in. Answers to your questions about the stimulus bill updated dec 30 2020 the economic relief package will issue payments of 600 and distribute a federal unemployment benefit of 300 for at least 10. While the stimulus check is the most touted aspect the second stimulus bill also includes provisions that may affect your retirement account.

The measure is the second largest federal stimulus package after the 2 trillion cares act that congress approved in march. This is the second stimulus bill passed in response to covid 19 following the coronavirus aid relief and economic security cares act passed earlier in 2020. While the stimulus checks are at half of the amount than the first round of checks that came out in march the structure of the stimulus payments in this legislation is very similar to the cares act.