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A third round of relief funding, ESSER 3.0, sent $122 billion to K-12 public education on March 11, 2021 through the American Rescue Plan Act signed by President Joe Biden. In total, $190 billion in relief fund was sent to K-12 education in response to the pandemic, more than three times what the federal government annually spends on education. [6]
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]
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...
The American Rescue Plan Act (ARP) of 2021, a stimulus bill advanced by Democratic lawmakers and signed into law by President Joe Biden in response to the economic downturn caused by the COVID-19 pandemic, expanded the child tax credit by allowing qualifying families to offset, for the 2021 tax year, $3,000 per child up to age 17 and $3,600 per ...
Many mental health professionals are concerned with the impacts of COVID-19 on a younger generation which has already reported staggering levels of depression, anxiety, and suicide even before the pandemic. [42] Students already coping with mental health conditions have been more susceptible to the mental health impacts of COVID-19.
Congress passed several pieces of legislation, such as the American Rescue Plan Act of 2021 to provide stimulus to mitigate the effect of workplace closures and income losses. The Federal Reserve reduced the federal funds rate target to nearly zero and introduced several liquidity facilities to keep financial markets functioning and to provide ...
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The March 2021 enactment of the American Rescue Plan to provide relief from the economic impact of the COVID-19 pandemic was the first major element of the policy. Biden's Infrastructure Investment and Jobs Act was signed into law in November 2021 and contains about $550 billion in additional investment, to repair infrastructure like roads ...