Coronavirus

Second stimulus check: When could the new proposal be approved?

United States President Donald Trump said that the second round of stimulus checks may be more generous than $1,200 amid the country's economic woes.

Second stimulus check: When could the new proposal be approved?
Yuri Gripas / POOL EFE

Since 20 July, Congress has been discussing the fourth and final stimulus relief package amid the coronavirus pandemic in the United States. Earlier this week the Senate proposed the HEALS Act which, among other measures, promises a second round of stimulus checks to millions of Americans struggling financially during the pandemic.

This new bill would send $1,000 payments to eligible Americans - $200 less than the stimulus payment from the CARES Act, but president Donald Trump said on 29 July that the second impact check may actually be in excess of $1,200.

It is expected that the bill will be fully drafted and signed by the end of this week before Congress takes a break before the Presidential elections. Lawmakers in Washington are trying to agree on the terms for this stimulus relief package so the IRS can start sending the money out.

We anticipate that we will have a bill, but we are not there yet,” said House Speaker Nancy Pelosi on Friday.

The HEALS Act is a Republican bill and Democrats are debating certain aspects of it such as unemployment benefits, the amount of money that will be sent to Americans and who qualifies for this stimulus check. According to Senate Majority Leader Mitch McConnell the set date to make this bill official is 7 August.

"There is no point in considering going home at the end of next week unless we have solved this problem," said Sen. Dick Durbin.

Congress has to agree on a final stimulus bill before next Friday because they will go on break and return to work until 8 September and by that time their main focus will be the Presidential elections between Joe Biden and Donald Trump.