THE House Budget Committee has approved President Joe Biden's $1.9trillion Covid bill that includes $1,400 stimulus checks.
The committee passed the bill on Monday afternoon on a vote of 19-16 – just days after Biden's $1.9trillion bill moved forward without Republican support.
The full House of Representatives hopes to pass the bill later this week.
It would stimulate the US economy and carry out Biden’s proposals to provide additional money for Covid-19 vaccines and other medical equipment.
The stimulus package was rolled out on Friday and sent to the House, which is included in a larger legislation that would bring more money for vaccines an additional $400 a week in federal unemployment benefits.
President Joe Biden on Twitter said that the next round of stimulus checks are to be counted on top of the smaller $600 ones that were sent out at the beginning of the year.
"We committed to you, Democrat and Republican, a $2,000 stimulus check. $600 came forward last time around. Another $1,400 will be coming," Biden said.
Once the bill passes the House of Reps, Democratic leaders of the Senate are set on quickly moving the bill over to vote without going to various Senate committees that need to sign off first.
"The Senate is on track to send a robust $1.9trillion package to the president’s desk before the March 14 expiration of Unemployment Insurance benefits. We will meet this deadline," Majority Leader Chuck Schumer told members on Friday.
If Democrats are able to quickly sign the check through both chambers of Congress, Biden can sign the bill well before March 14, meaning Americans could receive the check by the end of March.
If relief checks pass through Congress on March 14 and a stimulus bill gets signed into law two days later, the first direct deposit checks are speculated to arrive during the week of March 22, CNET reports.
According to the news outlet, with a March 16 bill passage date, the first paper checks would arrive during the week of March 29 and EIP cards would be sent on the of April 5.
However, if Congress doesn't pass relief checks until March 22 and Congress ends up signing the bill into law on March 23, the first direct deposit checks would arrive into taxpayers' bank accounts on the last week of March.
With a March 22 passage date, the first round of paper checks would be sent on the week of April 5 and EIP cards would be sent out the following week.
Despite the different projection dates, claims for missing stimulus money would open up on the same date – May 3.
On Friday, a budget blueprint – including Biden's trillion dollar plan – was approved by the House by a 219-209 margin, according to the New York Times.
Following the approval, House Speaker Nancy Pelosi said: "Our work to crush the coronavirus and deliver relief to the American people is urgent and of the highest priority."
Dems are pushing to pass the bill quickly to prevent lull in federal unemployment payments as The Pandemic Emergency Unemployment Compensation Program (PEUC) expires on March 14, 2021.
Meanwhile, the Democrats' $1.9trillion Covid relief bill has been slammed as a "job killer" which will increase the cost of living for working families.
Source: Read Full Article