Covid invoice pays further $300 every week, extends assist

Senator Joe Manchin, DW.V., speaks with a non-partisan group of Democratic and Republican Congressmen as they announce a proposal for a Covid-19 relief bill on Capitol Hill on December 14, 2020 in Washington, DC Chambers published on Monday a $ 908 billion package that was split into two bills.

Tasos Katopodis | Getty Images News | Getty Images

$ 300 a week

The $ 300 weekly performance increase would not be retroactive. The federal government would pay the grant for any period of unemployment from December 26th to April 19th.

PUA and PEUC programs expanded

The bipartisan legislation, the bipartisan COVID-19 Emergency Aid Act of 2020, would grant an additional 16 weeks of unemployment benefits through two temporary federal programs due to expire in about a week and a half.

One of these programs, Pandemic Unemployment Assistance, pays benefits to self-employed, gig, freelancers, and other workers who normally cannot get unemployment benefits from states.

The other, Pandemic Emergency Unemployment Compensation, offers an additional 13 weeks of government benefits, which typically last up to six months.

More from Personal Finance:
Additional unemployment benefits can be delayed for weeks even if Congress passes the Covid bill
Second $ 1,200 stimulus checks are not included in the new $ 908 billion aid proposal
According to the SEC, Ponzi programs and other investment fraud cases are increasing during the pandemic

The two programs would be extended until April 19, when the law is passed.

Aside from the unemployment provisions, the $ 748 billion legislation includes other relief valves such as small business support, childcare grants, rental support, and student loan facilitation.

The bipartisan group of Senators issued a second bill worth $ 160 billion that included funding for state and local governments, as well as corporate liability protection from coronavirus-related lawsuits.

Together, the bills are worth $ 908 billion.

Comments are closed.