The newest coronavirus relief bill, titled the HEROES Act, calls for another round of stimulus checks for Americans, but it still has to clear the Senate and get President Donald Trump’s stamp of approval.
The House of Representatives passed the $3 trillion piece of legislation aimed at providing financial relief for people and businesses impacted by the pandemic on Friday. Its narrow passage of 208 votes in favor to 199 against indicates the uphill battle it may face in a Republican-controlled Senate and at the desk of a president who has called it “dead on arrival.” It is not expected to pass in its current form.
Like the first stimulus package, the CARES Act, the HEROES Act calls for economic impact payments of $1,200 for individuals. To receive the full amount, an individual must have an adjusted gross income of $75,000 or less or $150,000 or less if two people are filing a joint return.