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Bill > HR6496


US HR6496

US HR6496
Emergency Money for the People Act


summary

Introduced
04/14/2020
In Committee
04/14/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To provide for the issuance of emergency monthly payments to every American throughout the duration of the coronavirus crisis to be provided by the Department of the Treasury, in consultation with other Federal and State agencies. This bill directs the Department of the Treasury to make monthly payments during a specified 12-month period to certain citizens and noncitizens of the United States and their dependent children. The amount of such payments shall be $2,000 each month ($4,000 for married couples filing joint returns) and additional amounts for their dependent children. The monthly amount shall be phased out for individuals whose adjusted gross income exceeds $130,000 ($260,000 for joint return filers). The payments must begin within 14 days of the enactment of this bill. The bill allows such monthly payments for individuals who are not U.S. citizens or residents, but have been physically present in the United States continuously since January 27, 2020 (the effective date of the public health emergency resulting from the COVID-19 [i.e. coronavirus disease 2019] pandemic), and continue to be physically present in the United States throughout the duration of the payment period. If Treasury does not have sufficient tax return information to make payments to an eligible individual, it shall consult with the Department of Veteran Affairs and the Social Security Administration and any agency making pension or annuity payments to such individual.

AI Summary

This bill, the Emergency Money for the People Act, directs the Department of the Treasury to make monthly payments of $2,000 per individual ($4,000 for married couples filing jointly) plus additional $500 per dependent child, to certain eligible citizens, residents, and some non-citizens who have been physically present in the U.S. continuously since January 27, 2020. The payments would be phased out for individuals with adjusted gross income exceeding $130,000 ($260,000 for joint filers). The payments must begin within 14 days of the bill's enactment and would continue for 12 months, unless the employment-to-population ratio for those 16 and over exceeds 60% after 6 months. The bill allows the Treasury to consult with other agencies to identify and make payments to eligible individuals for whom it lacks sufficient tax return information.

Committee Categories

Budget and Finance

Sponsors (43)

Tim Ryan (D)* Alma Adams (D),  Nanette Barragán (D),  Earl Blumenauer (D),  Suzanne Bonamici (D),  Judy Chu (D),  David Cicilline (D),  Steve Cohen (D),  Susan Davis (D),  Diana DeGette (D),  Michael Doyle (D),  Eliot Engel (D),  Veronica Escobar (D),  Adriano Espaillat (D),  Chuy García (D),  Jimmy Gomez (D),  Alcee Hastings (D),  Sheila Jackson-Lee (D),  Pramila Jayapal (D),  Ro Khanna (D),  Barbara Lee (D),  Ted Lieu (D),  Alan Lowenthal (D),  Carolyn Maloney (D),  Jim McGovern (D),  Grace Meng (D),  Jerry Nadler (D),  Grace Napolitano (D),  Joe Neguse (D),  Eleanor Holmes Norton (D),  Alexandria Ocasio-Cortez (D),  Ilhan Omar (D),  Chellie Pingree (D),  Mary Gay Scanlon (D),  Jan Schakowsky (D),  Albio Sires (D),  Darren Soto (D),  Bennie Thompson (D),  Rashida Tlaib (D),  Filemón Vela (D),  Nydia Velázquez (D),  Bonnie Watson Coleman (D),  Frederica Wilson (D), 

Last Action

Referred to the House Committee on Ways and Means. (on 04/14/2020)

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