As House Democrats are gearing up to vote on a COVID-19 stimulus package this week, it could mean that more direct deposits and checks will be mailed out to millions of Americans.
The proposal would also extend a $600-per-week boost in unemployment insurance that was established under the CARES Act, expiring in January 2021, in an attempt to help more than 30 million Americans who lost their jobs amid the pandemic.
Homeowners and low-income renters will also be protected from evictions and foreclosures and associated housing costs, respectively, under the bill.
On top of that, the current student loan payment plans established in the CARES Act would be extended, and the new bill would provide up to $10,000 in debt relief for a private student loan.
The legislation would also create a $200 billion “Heroes’ Fund” to ensure that essential workers get hazard pay, and their employers will be able to apply for grants to provide $13 per hour on top of regular wages. Another $850 million will be provided to states to provide family and child care to essential workers, as well as other safeguards.
Other provisions include election security, U.S. Postal Service assistance, and more aid to farmers.
But a Social Security number will not be required to get a payment if the measure is signed into law—one would only need a Taxpayer Identification Number (TIN) to receive the funds, essentially allowing some people who aren’t U.S. citizens and who cannot get a Social Security number to get the payment.
The second-round payment also will not be garnished by creditors or debt collectors, which is in contrast to the CARES Act, which does not offer such protections. The IRS, in the first round stimulus payment, could use some of that money to pay back past-due child support, which will not be the case under the current iteration of the HEROES Act.
The House is scheduled to vote on the bill Friday.
Sen. John Barrasso (R-Wyo.), a member of the GOP’s leadership in the Senate, warned that the HEROES Act won’t survive.
But House Speaker Nancy Pelosi (D-Calif.) said the legislation is not a “wish list for the future.”