House Set To Pass $1.9 Trillion Stimulus Bill; Joe Biden Expected To Sign This Week

The House of Representatives is set to pass the $1.9 trillion COVID-19 relief bill. Joe Biden is expected to sign it this week.

We have to wait on the Senate, who will decide on the bill’s approval this Saturday. Right now, the bill is on track to be passed by the House and onto to being signed by Biden. This news comes as unemployment programs are set to expire on Sunday, CNBC reports. Democratic legislators say they are hoping the bill comes through the House quickly. However, it could be in progress until Wednesday.

“It could be that we get it tomorrow afternoon, and then it has to go to [the House Rules Committee]. And we’d take it up Wednesday morning at the latest,” House Speaker Nancy Pelosi, D-Calif., told reporters Monday.

The bill will provide various funding, including the expansion of child tax credit, rental payment assistance, and money for the COVID-19 vaccine distribution. It will also direct money to the state, local, and tribal governments and schools, CNBC reports. The bill also includes the much-needed $300 per week increase for unemployment benefits and the $1,400 stimmies many us have been waiting on.

The unemployment boosts will carry on through Sept. 6; stimulus checks are expected to hit bank accounts this month. This time around, the stimulus check will only be given to Americans making $80,000 or less for individuals and joint filers who make $160,000 or less. No Republicans were involved in the reconciliation process of the bill.