Senate passes stimulus relief bill, House to vote on amended bill Tuesday


(WWLP) – The Senate passed the American Rescue Plan over the weekend but there are still a few more steps before it’s signed by the President and American families and businesses see stimulus relief.

People who make less than $75,000 per year will receive payments of $1,400 per person and for each dependent.

The altered bill still needs approval from the House after the Senate made amendments. In the Senate bill, no one earning more than $80,000 qualifies for checks.

The Senate bill also includes a provision to make any student loan forgiveness passed between December 31, 2020, and January 1 2026 debt-free rather than treating it as taxable income.

The Senate bill extends federal unemployment supplement through September 6 at $300 per week, whereas the House Bill has it at $400 dollars.

The House is expected to vote on the amended bill on Tuesday so that President Biden can sign it into law early next week.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Coronavirus COVID-19 Global Cases

Coronavirus News

More Coronavirus

Donate Today