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Feb 27, 2021
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About this Deal

The Democratically-controlled House approved President Joe Biden's $1.9 trillion COVID relief package early Saturday, a key step for a measure that would provide millions of Americans $1,400 stimulus payments, ramp up vaccine distribution and extend unemployment aid through the summer.

The bill passed by the House would:
  • Provide most Americans with another direct payment — this time for $1,400. (Republicans have proposed $1,000).
  • Extend federal bonus to unemployment benefits through August (the current benefit ends in mid-March) and bump up the amount to $400 per week. (Republicans want $300 a week through June).
  • Send $350 billion to state and local governments whose revenues have declined due to COVID social distancing measures (Republicans oppose any such "bailout").
  • Allocate $130 billion to help fully reopen schools and colleges (Republicans are countering with $50 billion).
  • Allot $30 billion to help renters and landlords weather economic losses (Republicans oppose any amount).
    Set aside $50 billion for small-business assistance (Republicans agree).
  • Appropriate $160 billion for vaccine development, distribution and related needs (Republicans also agree).
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