First week of February is key period for approval of third stimulus check of $ 1,400 | The State
The first week of February would be key in terms of third stimulus check for $ 1,400 announced by the president Joe biden.
As he told reporters this Thursday the Speaker of the House of Representatives, Nancy PelosiIn those days, Democrats will be “completely ready” to pass legislation to that end with only 51 votes.
However, passing a new stimulus bill is not just in the hands of Democrats. The majority delegation also needs Republican votes to be able to give way to any measure promoted by the Executive.
In the federal Senate, the measure would need 60 votes; at least 10 Republicans apart from all Democratic votes.
Possible Republican Rejection of Third Stimulus Check
Some Republicans might stifle their rejection of Biden’s so-called “American Bailout Plan” valued at $ 900 billion. Last year, several legislators from that community rejected the $ 2 billion measure.
The legislation that was finally passed last December for the $ 600 checks involves an investment of $ 1.4 trillion.
If the differences are corrected soon, the measure could be approved between mid-February and mid-March depending on the length of the debate.
The foregoing does not mean immediate disbursement of funds. The distribution of the first payments would take at least a week after the law is signed. In the case of the most recent bailout bill passed in Congress and signed by outgoing President Donald Trump, the first direct deposits were made on December 29. However, many recipients were unable to dispose of the money until January 4.
Currently, the Internal Revenue Service (IRS) continue to mail stimulus checks on paper or in debit card form.
Many of these payments will take 3-4 weeks to reach their destination, according to the IRS on its website.
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