june 21, 2021

june 11. 2021

june 9, 2021

June 7, 2021

may 18, 2021

april 26, 2021

april 1, 2021

march 29, 2021

march 25, 2021

march 11, 2021

march 8, 2021

march 4, 2021

MARCH 2, 2021

february 25, 2021

FEBRUARY 3, 2021

january 11, 2021

january 5, 2021

january 4, 2021

december 28, 2020

DECEMBER 23, 2020

december 21, 2020

december 10, 2020

december 7, 2020

october 28, 2020

october 22, 2020

October 19, 2020

october 15, 2020

october 12, 2020

october 8, 2020

october 5, 2020

september 22, 2020

september 21, 2020

September 11, 2020

august 4, 2020

july 6, 2020

july 1, 2020

June 29, 2020

June 22, 2020

june 15, 2020

june 10, 2020

june 8, 2020

June 4, 2020

may 29, 2020

may 28, 2020

may 27, 2020

may 15, 2020

may 14, 2020

may 12, 2020

may 8, 2020

may 6, 2020

may 5, 2020

may 4, 2020

may 1, 2020

april 29, 2020

april 24, 2020

April 23, 2020

april 21, 2020

april 17, 2020

april 16, 2020

april 15, 2020

April 14, 2020

APRIL 13, 2020

APRIL 10, 2020

APRIL 9, 2020

april 8, 2020

april 7, 2020

April 3, 2020

april 2, 2020

april 1, 2020

March 31, 2020

march 30, 2020

March 27, 2020

March 26, 2020

march 25, 2020

march 24, 2020

march 23, 2020

MARCH 21, 2020

MARCH 20, 2020

MARCH 19, 2020

MARCH 18, 2020

MARCH 17, 2020

MARCH 16, 2020

MARCH 5, 2020

Senate Approves $1.9 Trillion COVID Relief Bill

BRYAN JOHNSON, SAMUEL LICKER
MARCH 8, 2021


After a dose of suspense and a 24-hour-plus voting session that bled into the weekend, the U.S. Senate passed the $1.9 trillion “American Rescue Plan” to provide much-needed relief to individuals, state and local governments, small businesses, and schools in the wake of the COVID-19 pandemic. The bill now goes back to the House of Representatives for final approval, before being sent to President Joe Biden’s desk for signature.

The legislation approved by the Senate is very close, but not identical, to the bill that made its way through the House last week, as previously reported by Michelman & Robinson, LLP. The version now making its way to the White House includes the following top-line provisions:

  1. $1,400 stimulus payments to individuals earning less than $75,000 annually and married couples making no more than $150,000 per year (from those levels, the payments phase out: individuals whose income is in excess of $80,000 and married couples who earn $160,000 get nothing);
  2. $300 per week unemployment supplements through September 6, 2021 (down from $400 in the original House bill), with the initial $10,200 of benefits tax-free for households having an annual income of less than $150,000 (the legislation that emerged from the House did not include this tax break);
  3. Child tax credit expansion, which provides qualifying families $3,000 per child ages 6 to 17 and $3,600 annually for children under 6;
  4. Another $7 billion for the Paycheck Protection Program; $15 billion for the Emergency Injury Disaster Loan program; and $25 billion for grants to restaurants and bars;
  5. $14 billion earmarked for COVID-19 vaccine distribution along with an additional $47.8 billion for COVID testing and tracing;
  6. $350 billion in state, local, and tribal government relief;
  7. $20 billion in assistance for those seeking to cover rent payments (down from the House-approved $25 billion); and
  8. $130 billion for K-12 schools and higher education (specifically for re-opening costs and student aid).

Note that to the chagrin of Democrats, the proposed $15 federal minimum wage was scrapped from the law passed by the Senate.

Despite the razor-thin margin by which the legislation was passed in the Senate (50-49), the American Rescue Plan has overwhelming popular support. Going forward, M&R will continue to track the law and provide additional related alerts if and when issues of interest arise.


We are working diligently to keep our clients up to date on coronavirus-related developments. Nevertheless, these developments are changing daily and, in some cases even hourly, so it is important that you make sure you are dealing with the most current information. That being said, this alert is not offered, and should not be relied on, as legal advice. You should consult an attorney for guidance and counsel regarding any specific concern or situation.