While no deal has been reached, the main issues are still PPP funding for small business, unemployment benefits extensions and a new stimulus check. However, Senate Leader Mitch McConnell and House Majority Leader Steny Hoyer have not indicated support for this, but have signaled they could include some aid provisions in a spending bill Congress needs to pass by Dec. However House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer have recently backed a $908 billion bipartisan stimulus plan that was put forward by a group of Senators. HEROEs act) that have passed one chamber of Congress, bipartisan support has been non-existent. While there have been a few proposals (e.g. At this stage the main hope is that the lame-duck Congress (until January 2020) can approve an interim stimulus package ahead of a more comprehensive one during the Biden administration era.Īs the pandemic and COVID outbreaks spread across the country there is increase pressure on lawmakers to pass some form of Stimulus relief package before the end of 2020. Congress is back in session after a tough election cycle which enlarged the already wide chasm between Republicans and Democrats when it comes to agreeing on a new Coronavirus / COVID stimulus package. You can see more details in this article. This includes additional economic impact payments (a.k.a stimulus checks) and a further extension of unemployment benefits. It contains several provisions to help small business, local governments and low and middle class households.
President Joe Biden’s $1.9 trillion stimulus proposal called the American Rescue Plan (ARP) has now been passed in Congress.