H.R. 10515: American Relief Act, 2025
Date: 2024-12-28
Status: Passed the House of Representatives; Pending in the Senate
Sponsor: Rep. Maxine Waters (D-CA)
Introduced: 2024-12-18
Summary:
The American Relief Act, 2025 (H.R. 10515) is a comprehensive economic stimulus package aimed at addressing the ongoing economic crisis caused by the COVID-19 pandemic. The bill includes a wide range of provisions, including:
- Direct Payments: Provides a one-time direct payment of $1,200 to eligible individuals and $2,400 to married couples.
- Extended Unemployment Benefits: Extends unemployment benefits for an additional 26 weeks.
- Small Business Relief: Provides grants and loans to small businesses impacted by the pandemic.
- Healthcare Assistance: Expands access to affordable healthcare and prescription drugs.
- Housing Assistance: Provides rental assistance and mortgage relief to individuals facing financial hardship.
- Education Support: Provides funding for K-12 schools and higher education institutions.
- Nutritional Assistance: Increases funding for the Supplemental Nutrition Assistance Program (SNAP).
Background:
The COVID-19 pandemic has had a devastating impact on the U.S. economy, leading to widespread job losses, business closures, and financial hardship. The American Relief Act, 2025 is designed to provide immediate financial assistance and support to individuals, families, and businesses struggling during this crisis.
Key Supporters:
The bill is supported by a coalition of Democratic lawmakers, including House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer.
Key Opponents:
Republican lawmakers have generally opposed the bill, arguing that it is too costly and would lead to excessive government spending.
Outlook:
The bill has passed the House of Representatives and is now pending in the Senate. It is unclear whether the bill will receive enough support in the Senate to become law. However, the Biden administration has signaled its support for the bill and has urged Congress to act swiftly to address the ongoing economic crisis.
Impact:
If enacted, the American Relief Act, 2025 would provide significant economic relief to individuals, families, and businesses affected by the COVID-19 pandemic. The direct payments, extended unemployment benefits, small business relief, and other provisions would help to stabilize the economy and prevent further job losses.
H.R. 10515 (IH) – American Relief Act, 2025
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