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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The first part of the plan resulted in a $1.9 trillion COVID-19 relief package, known as the American Rescue Plan Act of 2021. It was signed into law on March 11 using the procedure of reconciliation , allowing it to go into effect with unanimous Democratic support in the Senate and no Republican votes.
Under the American Rescue Plan and other recovery programs, the U.S Department of the Treasury administered over $1 trillion in programs and tax credits. According to the Treasury, the ARP expanded...
President Joseph R. Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) into law in March 2021 to redistribute federal taxpayer funds as a stimulus for public health and economic ...
A budget resolution for the 2021 fiscal year began to be considered by the 117th United States Congress in February 2021. As appropriations for the fiscal year had already been approved, the budget resolution's main purpose was to begin the budget reconciliation process to allow a COVID-19 pandemic relief bill to be passed without the possibility of being blocked by a filibuster.
The proposal called the ‘American Rescue Plan’ is a multi-pronged strategy, responding not just to the pandemic, which has taken over 389,000 American lives, but also to the economic havoc it ...
The Elementary and Secondary School Emergency Relief Fund, also known as ESSER. [1] is a $190 billion program created by the U.S. federal government's economic stimulus response bills, the Coronavirus Aid, Relief, and Economic Security Act (), Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021 (ARP Act), passed by the 116th and 117th U.S. Congress.
The new $1.9 trillion ‘rescue plan’ introduced by President-elect Joe Biden includes an additional $1,400 in direct payment to Americans. “We will finish the job of getting a total of $2,000 ...