President Biden signs $1.9 trillion COVID-19 relief bill with $1,400 stimulus checks into law

[Polybius]

Source: USA Today

WASHINGTON – President Joe Biden on Thursday signed into law a $1.9 trillion COVID-19 stimulus bill, hours before he planned to address the nation to begin an extensive outreach campaign explaining the massive spending package.

The measure includes direct payments of up to $1,400 for individuals, billions to help schools and colleges reopen, and funding for vaccine distribution – along with many other measures aimed at helping America recover from the pandemic.

The White House moved up the bill signing to Thursday from Friday after Congress finalized the bill sooner than expected.

"We want to move as fast as possible," Ron Klain, Biden's chief of staff, tweeted when the new time was announced.

Read more: https://apple.news/AFJ7TrqssTGOBCLB-87odzA

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[dalton99a]

1. Kick

[riversedge]

2. President Biden signs $1.9 trillion COVID-19 relief bill with $1,400 stimulus checks into law

President Biden signs $1.9 trillion COVID-19 relief bill with $1,400 stimulus checks into law

https://www.desmoinesregister.com/story/news/politics/2021/03/11/joe-biden-signs-covid-19-relief-bill-stimulus-checks-into-law/4647894001/
Maureen Groppe
USA TODAY

WASHINGTON – President Joe Biden on Thursday signed into law a $1.9 trillion COVID-19 stimulus bill, hours before he planned to address the nation to begin an extensive outreach campaign explaining the massive spending package.

The measure includes direct payments of up to $1,400 for individuals, billions to help schools and colleges reopen, and funding for vaccine distribution – along with many other measures aimed at helping America recover from the pandemic.

"I believe this… historic legislation is about rebuilding the backbone of this country and giving people of this nation – working people, middle class folks, people that built the country – a fighting chance," Biden said, before signing the bill from the Oval Office as Vice President Kamala Harris stood behind him. "I’m going to have a lot more to say about that tonight and the next couple days."

Shortly after, White House press secretary Jen Psaki said the direct payments could start showing up in people's bank accounts as early as this weekend.

Stimulus checks:First round of $1,400 COVID-relief checks to start hitting bank accounts this weekend, White House says

S......................

Biden will still hold a celebratory signing event with congressional leaders on Friday.

[Polybius]

3. I'm so happy

[OxQQme]

4. Important words - "up to"

I received a notice from IRS stating "the EIP2 payment is based on your 2019 tax return"
I've been retired, living on SSI of $1462/month for 15 years.

Therefore my EIP2 payment will be in the amount of $600.

Can you spell disappointed ?

Oh well...better than nada.

[LudwigPastorius]

5. If I'm not mistaken,...

The money from the American Rescue Act will be the third Economic Impact payment.

$600.00 was the individual maximum for the EIP2 which was authorized in late December of last year. If you haven't received that yet, you should be getting it very soon.

EIP3 was just signed into law and Treasury/IRS probably hasn't even begun to determine anyone's eligibility yet.

[Marthe48]

6. Got it signed a day early

Really stuck it in ron johnson eye. Heh

[Polybius]

7. It may be in our bank accounts by the weekend

The sooner the better.