House Planning to Vote on $1.9 Trillion Stimulus
House Democrats are moving forward with consideration of President Joe Biden’s $1.9 trillion COVID-19 relief package, the American Rescue Plan, releasing the full text of the measure on February 19. The House is anticipated to vote on the legislative package as early as Friday, February 26.
Senate Democrats plan to move the legislation expeditiously once they receive it from the House, with the goal of having a bill signed into law before March 14, the expiration date of some additional unemployment benefits. One potential hurdle in the Senate’s consideration process will be the provisions phasing in a $15-per-hour federal minimum wage, where there appears to be some disagreement among Senate Democrats.
Key Provisions in the $1.9 Trillion Plan:
$422 billion for stimulus checks to individuals
$246 billion for supplemental unemployment insurance
$350 billion for state and local governments
$160 billion to combat the virus, including vaccines, testing, tracing
$130 billion to reopen K-12 schools
$7.25 billion for small business via Paycheck Protection Program (PPP)
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