Status Of New Stimulus Package In Congress

On sunday almost nine months after the cares act was signed into law congress agreed on a second stimulus package after weeks of post election negotiation a 908 billion bill that is less.

Status of new stimulus package in congress. Here are the highlights of what is in covid 19 relief package that is now law including 600 relief checks. The current status of the new stimulus package the consolidated appropriations act 2021 after months of negotiations congress reached an agreement for a new round of relief for the ongoing covid 19 pandemic. Congress has given itself little choice but to immediately get to work on the next economic stimulus package as soon as president elect biden takes office first published on december 9 2020.

There s no guarantee that congress will cancel student loans in the new stimulus package or through standalone legislation. After months of negotiations congress on monday passed a 900 billion covid 19 stimulus package with much needed financial relief for agricultural producers funding for food assistance programs enhancements to the paycheck protection program and funding for enhanced broadband access as well as additional financial resources for agricultural research and farmer stress assistance programs. Biden and several members of congress want to cancel student loan.

There s a theoretical chance that the new congress could bring up a bill to increase the 600 second stimulus check to 2 000 during trump s final days in office with the irs and us treasury. But the new bill would ensure that those recipients would receive the 600 checks automatically according to senator maggie hassan of new hampshire who worked on a bipartisan stimulus bill that.