When Did The First Stimulus Bill Get Passed

The bill includes 284 billion for first and second forgivable loans from the paycheck protection program ppp which is intended to aid small businesses.

When did the first stimulus bill get passed. The american recovery and reinvestment act of 2009 arra pub l. 111 5 text nicknamed the recovery act was a stimulus package enacted by the 111th u s. Fourteen democrats defied their party and voted no while one republican rep.

Congress and president donald trump have enacted a historic 2 trillion stimulus bill to address the dramatic economic crisis caused by the coronavirus pandemic. Pete king of new york broke with the gop and voted. According to the irs about 80 million payments went out this way with no problems.

Americans who had up to date direct deposit banking information in their 2018 or 2019 taxes were the first to get their stimulus checks on april 15 2020. History by voice vote which simply measures if more lawmakers shout for aye or nay on whether to support it. It also expanded ppp eligibility for.

The first economic stimulus bill related to the 2019 2020 coronavirus pandemic was signed into law on friday afternoon march 27 2020 by u s. This article was published when the first stimulus checks were deposited in april 2020. You can find information on the second stimulus check here.

Developed in response to the great recession the primary objective of this federal statute was to save existing jobs and create new ones as soon as possible.