ABSTRACT

COVID-19 and Direct Payments to Individuals: Comparison of Recent Proposals for a Second Round of Payments [Updated October 20, 2020]   [open pdf - 754KB]

From the Document: "The CARES [Coronavirus Aid, Relief, and Economic Security] Act (P.L. 116-136), signed into law on March 27, 2020, included direct payments to individuals. These payments, most of which have already been issued, were equal to $1,200 per eligible individual ($2,400 for most married couples), with an additional $500 per eligible child. The payments phase down for higher-income households. [...] The following subsequent legislative proposals would provide a second round of payments [1] the Heroes Act (H.R. 6800), which passed the House on May 15, 2020; [2] the American Workers, Families, and Employers Assistance Act (S. 4318), which was introduced in the Senate on July 27, 2020 (S. 4318 is one component of what has been referred to as the HEALS Act); and [3] the 'revised version' of the Heroes Act (H.R. 8406), introduced on September 29, 2020. The House passed the revised version of the Heroes Act on October 1, 2020, as a House amendment to the Senate amendment to H.R. 925."

Report Number:
CRS Insight, IN11513
Author:
Publisher:
Date:
2020-10-20
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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