In parallel to the renewed discussions, the democratically led House of Representatives presented a new draft law on economic support on Monday, which afrom to the , , Small Business Loans and Airline Aid. Politico reported that the $ 2.2 trillion bill could get a vote in the House this week. It is based on the original democratically supported which had a bigger price tag of $ 3.4 trillion.
Read on to learn what benefits a new stimulus package could offer if it goes into effect before or after the law. Further information can be found on the . We update this story regularly.
Up to $ 1,200 per American on a second stimulus check
Democratic and Republican lawmakers have agreed the need for a second direct payment of up to $ 1,200 per eligible American adult and additional money for dependents (find out), and ).
The House’s new bill contains similar provisions for stimulus checks to Marchdid and extends whoever counts as dependent according to the requirements of the Heroes Act.
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Funding for airlines to prevent layoffs
The payroll protection included in the CARES Act expires October 1, and airlines threaten to lay off thousands of workers after that date. The new house bill includes money for airlines to prevent mass layoffs.
Increased unemployment benefits for millions of job seekers
A stop-gap measure for the federal government to fund $ 300 per weekonly lasts six weeks and ends in some states.
As the main point of contention in the debate, Democrats want a new bill to add $ 600 a week to states’ benefits, as the CARES bill did in March. Republicans want to reduce the number to $ 300. The suggestion for problem solvers puts the figure at 450 US dollars for eight weeks, then increasing. The new house bill includes $ 600 in unemployment benefits.
Wage and salary protection program to support small businesses
The Paycheck Protection program is designed to help you keep your job, and provides small businesses with tenable credit as an incentive to keep employees on payroll – people who may otherwise have lost their jobs during the pandemic.
Employee tax credits to help companies retain employees
There is already an IRS-administered program in place to give employers a tax break through 2020 to help keep workers on payroll. A new bill could extend or improve the program until 2021.
Extended eviction ban and possible rental support
The Centers for Disease Control and Prevention used an obscure health law toas long as the tenants fill out the necessary documents.
It is estimated that up to 40 million people in 17 million households without evictions could lose their homes if the economy does not recover before the last protective measures expire. The new house bill is expected to include some kind of rent support.
Protecting businesses from certain coronavirus lawsuits
Liability protection is high on the agenda for Republican lawmakers. Introduced in theThis measure would limit lawsuits against employers, schools and health care providers related to exposure to coronavirus, with the exception of gross negligence.
Funding to help the USPS navigate the election season
Both Democrats and Republicans have submitted bills to fund abefore an election in which up to 80 million people are expected . The but was not taken up by the Senate. The Senate’s “thin” bill has not vacated his chamber. The new house bill includes USPS funding.
Money to improve election security
The pandemic is expected to increase byDuring the US presidential election on November 3rd, many raised concerns about how the USPS will deal with it. The government a coordinated effort to commit mail-in voting fraud. However, the House’s new bill is endowed with funding to ensure election security.
Money for schools to fight the coronavirus on campus
Funding hygiene protocols, tests, and other shelter during the coronavirus pandemic is a top priority on both sides of the aisle to help reduce the spread of the virus among students and faculty. The new house bill contains money specifically for schools.
With some schools opening through August, data from the American Academy of Pediatrics and the Children’s Hospital Association show a 15% increase in cases in children in the last two weeks, Sept. 3–17.