The HEALS Act, which was made public on Monday, seeks to send a new stimulus check that will follow the same criteria as the CARES Act. When could the direct payment be reaching American homes?
Republicans in the Senate presented Monday afternoon the Health, Economic Assistance, Liability Protection, and Schools Act (HEALS Act), proposal for the next economic relief package that seeks to include a second stimulus check for $ 1,200. To be passed, Republicans and Democrats must iron out differences and reach an agreement.
However, it is expected that the debate may be a tough one for the resources proposed in HEALS Act will be much less than those proposed by the HEROES Act that the House of Representatives approved in May and that has been waiting since.
The GOP proposal is a $1 trillion relief bill while the Democrats propose spending $3 trillion to assist Americans during the economic crisis caused by the COVID-19 pandemic.
Besides the amount of money that each bill proposes, there are many matters on which both parties do not agree. Federal eviction moratorium, student loan payment suspension, eligibility of immigrants without legal status (and their American spouses and children) for stimulus checks, and the amount of the enhanced unemployment benefit are important points on which both parties will most likely find it hard to reach an agreement.
Although the Senators who presented the HEALS Act proposal did not mention the dates of a new financial support payment schedule, the White House is looking for the new check to arrive in August, and Steven Mnuchin, the Treasury secretary, He declared that the government is prepared "to move quickly."
If we take the period of time that the first stimulus check took to reach homes as a guide to estimate when the second stimulus check could start arriving, the third week of August could be a probable date.
However, dates could be further delayed if differences aren’t ironed out before lawmakers break for the August recess.