Monday afternoon, senate leaders announced their proposed legislation would include a second round of stimulus checks to be issued under the same guidelines as the payments that went out earlier this year as part of the cares act.
34+ Law Passed For Second Stimulus Check
Background. Second stimulus check legislation delayed to september. More stimulus is needed to help an economic recovery, federal reserve chairman jerome powell told the house financial services committee on tuesday.
Stimulus Package Negotiations On The Knife S Edge Today S Update For A Deal Cnet from cnet3.cbsistatic.com
If, however, the negotiations fail to produce a bill by august recess, the whole process would move to september. Is it possible no second stimulus checks get sent out? We will also be watching this situation very closely and keeping this post updated with all the latest details of a possible second stimulus check as they unfold.
The latest proposal also modified the stimulus checks so that families with dependents over the age of 17 who were excluded from the previous payments — a frequent criticism of the cares act, signed into law at the end of.
As cnbc explains, this is an expansion of benefits over the first round of stimulus payments. However, this plan would have to pass a house vote before moving to the senate and, eventually, the white house, before it could become law. Second stimulus check legislation delayed to september. Lawmakers have actually passed four stimulus packages in connection with the pandemic.
