FAMILIES could get more stimulus check money in the third round of relief aid with $1,400 proposed for each child.
The next round of stimulus checks – part of President Joe Biden's $1.9trillion proposed relief bill – could bring more money into eligible taxpayers' households.
Relief checks could arrive in bank accounts as early as next month if Congress chooses to move forward with the bill.
The Democrats' spending package includes an increase in the federal minimum wage to $15 per hour, $1,400 direct checks for Americans making $75,000 or less a year and an extension of $400 federal unemployment benefits.
According to CNET, the proposed bill will give "an additional $1,400 per child dependent, to be added onto the checks of their parents or guardians."
In the first and second rounds of checks, money was given to dependents age 16 or younger.
Extra cash was given to families depending on the number of children dependents claimed.
Parents received $500 for each qualified dependent child with their first stimulus check approved in the spring.
The second stimulus check, approved in December, allowed parents to get $600 for each qualified dependent child.
Now, the third round of checks would make "17-year-olds and adult dependents (anyone 18 or older) eligible for a payment," according to The Washington Post.
Eligible dependents would include millions of college students, children of all ages with certain disabilities, and older adults, the report explained.
If relief checks pass through Congress on March 14 and a stimulus bill gets signed into law two days later, the first direct deposit checks are speculated to arrive during the week of March 22, CNET reports.
According to the news outlet, with a March 16 bill passage date, the first paper checks would arrive during the week of March 29 and EIP cards would be sent on the of April 5.
However, if Congress doesn't pass relief checks until March 22 and Congress ends up signing the bill into law on March 23, the first direct deposit checks would arrive into taxpayers' bank accounts on the last week of March.
With a March 22 passage date, the first round of paper checks would be sent on the week of April 5 and EIP cards would be sent out the following week.
Despite the different projection dates, claims for missing stimulus money would open up on the same date – May 3.
On Friday, a budget blueprint – including Biden's trillion dollar plan – was approved by the House by a 219-209 margin, according to the New York Times.
Following the approval, House Speaker Nancy Pelosi said: "Our work to crush the coronavirus and deliver relief to the American people is urgent and of the highest priority."
Dems are pushing to pass the bill quickly to prevent lull in federal unemployment payments as The Pandemic Emergency Unemployment Compensation Program (PEUC) expires on March 14, 2021.
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