The nearly $2 trillion stimulus bill is heading back to the House for final approval. The COVID-19 relief package, which includesand , cleared a major hurdle on Saturday with . After the House receives and agrees to the bill, it will head to President Joe Biden to sign, hitting a March 14 deadline Democrats have aimed toward for months.
The Senate made a number of amendments to the bill that will affectby for the . The changes will exclude millions of people . Lawmakers also from the initial House version, but left alone expanded to lower-income families, and funding for .
The Senate dropped afrom the legislation, but proponents vow to reintroduce it at a later date. Here’s what you need to know about the relief bill that is back with the House, including . This story is frequently updated.
What happens next with the $1.9 trillion stimulus bill?
The bill is set to head back to the House as soon as today for a procedural vote, before an expected final vote on Tuesday or Wednesday to approve the Senate’s version of the bill.
The Senate made changes to the House bill before its vote on Saturday, and it’s unclear whether the House will work with the Senate to resolve those differences or accept them all in its final vote.
When and if the bill passes the House, it will go to Biden to sign into law. Once that happens, various government agencies will begin to access that funding and ramp up their programs, including.
A strict income cutoff for the $1,400 stimulus payment
Thewill start going out to , and cutting off those categorized as “higher earners.” Under the , some who qualified for the first two payments for a third. A hard ceiling on income, designed to exclude higher earners from getting a check, would come with a rule change regarding the in the . Check out our to see how the new Senate income cap will affect you.
The new proposal would give the IRS a deadline of Dec. 31 to finish sending the stimulus checks.
For this, congressional Democrats intend to include and . Here are , or how you might . Here’s what . And here’s approved in 2020.
$300 in weekly unemployment benefits, but with tax break
Under the Senate Democrats’ plan, federal unemployment checks would extend to Sept. 6 at a Read more>>. The House had initially proposed a $400 weekly payment ending in August. The Senate plan would also for households earning less than $150,000 a year. If the new bill is approved by March 14, it would renew the weekly Congress approved in December …