Stimulus Bill Allocation Of Funds

Although the covid 19 stimulus bill is incredibly complex here are some of the most important parts to be aware of.

Stimulus bill allocation of funds. The bill passed with only a handful of senators and several congressmen opposing it. This is bound to confuse many people who wonder why the distribution of funds isn t based strictly on a state s population the magnitude of its existing crisis or an analysis of relative vulnerability. The 1 073 page bill signed into law monday by president obama contains hundreds of provisions.

The bipartisan package authorizesread more. Here s what s in the 2 trillion stimulus package and what s next. This gargantuan bill won t make it to president donald trump s desk without some last minute political angst.

This provision will extend to people who are usually ineligible for unemployment benefits including independent contractors gig workers and those who are self employed. Government will deploy helicopter money direct cash payments to individuals and. After a month of wrangling 246 house democrats 57 senate democrats and three senate republicans voted late last week to pass a compromise economic recovery package of spending provisions tax cuts and aid to laid off workers and their families.

Contained in the 900 billion stimulus bill are critical provisios to dedicate 15 billion in funding nationally for grants for shuttered venue operators. Applying for the new funds. The stimulus package sets aside 250 billion for unemployment insurance benefits including an additional 600 in weekly unemployment checks which averages 385 for up to four months.

603 7 billion 30 of total cares act. The legislation offers a wide range of help both for individuals and for struggling elements of the economy from mass. Highlights from the stimulus bill of 12 20 senator portman r oh worked hard to get a deal done on additional covid 19 relief and was a key negotiator on housing related issues especially the emergency rental assistance detailed below.