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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The Consolidated Appropriations Act, 2021 is a $2.3 trillion [1] spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.
The $1.9 stimulus bill passed through reconciliation in the Senate on Saturday and the amended version passed the House on Wednesday. No Republicans in either chamber supported the legislation.
The six Republican senators who voted against the bill were Sens. The Senate cleared the massive package by a 92-6 vote after the House approved the COVID-19 package by another lopsided vote, 359-53.
If the third stimulus check gets approved with this change, then both joint filers and heads of household could get an additional $1,400 payment for each dependent, regardless of age.
Economic stimulus payment or economic impact payment may refer to several tax rebates, tax credits, tax deductions and grants from the federal government of the United States: Tax rebates as part of the Economic Growth and Tax Relief Reconciliation Act of 2001; Tax rebates as part of the Economic Stimulus Act of 2008
The tracking tool will no longer show the status of the first or second round of stimulus checks — the $1,200 payment under the CARES Act and the $600 payments under the December $900 billion ...