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The Democratic-controlled House voted 220-to-211 to pass the "American Rescue Plan." President Biden is expected to sign the bill on Friday afternoon.
The Senate passed President Joe Biden's $1.9 trillion stimulus package on Saturday, sending the amended bill back for a vote in the House followed by the president signing the legislation.
The Democratic-controlled House voted 219-to-212 to pass President Joe Biden's $1.9 trillion "American Rescue Plan." House passes Biden's $1.9 trillion relief package including $1,400 stimulus ...
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]
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The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
Once the House comes back into session at 9 a.m. EST Wednesday, it will vote on final passage of the COVID legislation. Live stimulus bill updates: House to vote on Biden's $1.9 trillion COVID ...