The new $1.9 trillion coronavirus relief bill is on its way to the U.S. Senate after passing in the House of Representatives in a vote mostly along party lines.
Senators are expected to pass a different version of this bill, which will then have to be approved by the House.
Lawmakers aim to have President Biden sign the bill by March 14th, when some federal unemployment benefits are set to expire.
Here's what's in the $1.9 trillion COVID-19 relief bill:
Stimulus checks: Individuals making $75,000 or less and couples earning $150,000 or less will receive $1,400 each, for themselves and their dependents. Unlike previous stimulus checks, this round includes adult dependents such as college students and the elderly.
Refundable child tax credit: The bill increases the credit to $3,000 for children 6 to 17 and $3,600 for children under six.
Housing assistance: It includes $30 billion in emergency rental assistance, $5 billion toward preventing COVID-19 outbreaks in homeless groups, and $10 billion for mortgage assistance.
Minimum wage increase: The bill aims to increase the minimum wage to $15 per hour by 2025.
Unemployment insurance: Some unemployment programs would be extended until August 29th. Federal payments would also increase to $400 per week
COVID-19 vaccine distribution: The bill includes $20 billion toward a national vaccination program and $50 billion for virus testing. It also aims to help set up more vaccination sites and provide aid for schools and businesses.
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