Public Law 118 – 158 – American Relief Act, 2025
Enacted: February 18, 2025
Summary:
Public Law 118 – 158 is known as the American Relief Act of 2025. It was passed by the 118th United States Congress and enacted into law by President Biden on February 18, 2025.
The purpose of the act is to provide additional economic relief and assistance to individuals and businesses impacted by the ongoing COVID-19 pandemic. The act includes a number of provisions, including:
- Direct payments: The act provides for direct payments of up to $1,200 to eligible individuals and $2,400 to eligible families.
- Unemployment benefits: The act extends unemployment benefits for an additional 13 weeks and increases the weekly benefit amount by $100.
- Small business loans: The act provides forgivable loans to small businesses through the Paycheck Protection Program (PPP).
- Tax relief: The act provides tax relief for individuals and businesses, including a temporary reduction in the payroll tax rate.
- Healthcare: The act provides funding for healthcare providers and expands access to health insurance.
- Rental assistance: The act provides funding for rental assistance to help individuals and families avoid eviction.
- Student loan relief: The act suspends student loan payments and interest for an additional year.
Impact:
The American Relief Act of 2025 is expected to have a significant impact on the economy and the lives of individuals and families. The direct payments and unemployment benefits will provide much-needed financial assistance to those who have been impacted by the pandemic. The small business loans and tax relief will help businesses to stay afloat and protect jobs. The healthcare provisions will help to ensure that everyone has access to the care they need. The rental assistance will help to prevent evictions and homelessness. And the student loan relief will provide much-needed financial relief to borrowers.
Conclusion:
The American Relief Act of 2025 is a comprehensive and far-reaching piece of legislation that will provide much-needed relief to individuals and businesses impacted by the COVID-19 pandemic. The act will help to stimulate the economy, protect jobs, and ensure that everyone has access to essential services.
Public Law 118 – 158 – American Relief Act, 2025
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