$ 400 more per week in unemployment insurance seems more likely every day.
Sarah Tew / CNET
THE $ 1.9 trillion COVID-19 relief plan approved by the Chamber after hours of debate. In the account is a third stimulus check, a expansion to the Child Tax Credit and $ 400 unemployment checks that will take Americans through the end of August.
The next to the legislation is the Senate. There will be a debate about the project itself and then a vote. One change that is likely to happen while in the Senate is the removal of the Federal minimum wage provision of $ 15, that the Senate parliamentarian decided not to comply with the rules of the chamber. An amended bill is expected to pass the Senate before President Joe Biden sanctions it – before the $ 300 unemployment bonus checks expire on March 14.
At that point, job seekers would see an extra $ 400 a week on their unemployment checks by the end of August, an increase of $ 100 from the $ 300 approved in late December. Here is everything you need to know about how the new package will help unemployed workers.
What will the next aid plan do for unemployed workers?
THE $ 1.9 trillion COVID-19 aid package search extend improved unemployment benefits by the end of August and increase the weekly federal bonus to $ 400 instead of the Current $ 300. This is below the $ 600 per week extended in CARES Act, Upon unemployment checks issued by the state.
An additional change that Biden favored is automatic actuators, according to The Washington Post. When certain economic indicators change, such as the unemployment rate, the aid provided would change accordingly. This would allow the federal government to continue providing the necessary amount of aid to unemployed workers, without having to approve an additional package.
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Will the $ 400 extra unemployment check be retroactive?
So far, there is no indication that unemployment insurance will be retroactive. This can change as soon as a bill reaches Congress, or it can be determined by the states.
How long will the $ 400 extra checks for Americans last?
Biden’s initial plan envisaged that extended benefits would last until the end of September, with triggers that would extend post-September benefits to those who remain unemployed, and would include automatic payment adjustments linked to economic and health conditions. However, it has changed since late August, with no indication of an extension last September.
For millions of unemployed Americans, unemployment insurance is a lifeline.
Sarah Tew / CNET
How many $ 300 bonus checks are left over?
THE $ 900 billion COVID-19 aid package spent in December added Additional 11 weeks of enhanced unemployment benefits. This includes weekly checks for $ 300, Pandemic Unemployment Assistance for concert workers and an extension of benefits provided by the state. The official expiration date for these benefits is March 14 – just over a month from now – but there is a phase-out period until April 5, as some beneficiaries have not yet received any payments from their state’s unemployment offices.
What happens at the end of August?
Since he was elected, Biden has said several times that there will be more relief coming, but he has not yet indicated when that will happen. From now on, bonus unemployment checks will end before September.