This Is What's Holding Up Your Second Stimulus Check
When the first coronavirus stimulus check was authorized by the CARES Act and sent out by the IRS, millions of Americans used the money to pay bills, make essential purchases, or prepare for unexpected emergencies. Months later, that emergency relief is gone for many families, and lawmakers in Washington, D.C., are struggling to find a compromise bill that would provide needed additional assistance.
For those waiting for more COVID-19-related relief funds, there have been some encouraging signs suggesting another stimulus check could come soon. In particular, Senate Majority Leader Mitch McConnell introduced the HEALS Act for Senate debate. If passed in its current form, this bill would repeat the payments made by the CARES Act while expanding benefits eligibility to more dependents.
The HEALS Act provisions on the second stimulus check were similar to those proposed in the HEROES Act, which was passed by the Democrat-controlled House of Representatives months ago. Although the HEROES Act provided $1,200 per dependent (up to three) while the HEALS Act offers only $500 per dependent, the two bills aren't very far apart when it comes to a second stimulus payment.
Source Fool.com
