$2,000 monthly stimulus check for up to one year

Stimulus Payment Round 2: A Rundown Of The 3 Current Stimulus Proposals

Will there be another stimulus bill? These three proposals could soon put more money in your pocket.

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The CARES Act provided a lifeline for individuals and small businesses. But it’s clear that many people are still struggling with the extended economic shutdown.

To recap, the CARES Act provided a one-time stimulus payment of $1,200 ($2,400 for married couples), an additional $600 per week of unemployment benefits for up to 13 weeks, a small business loan program, and other financial relief.

But members of Congress are aware that many people are still struggling and may need additional financial assistance. There are currently three major stimulus proposals in the works, each of which calls for providing ongoing financial support:

1. The Emergency Money for the People Act would provide a $2,000 monthly stimulus check for up to one year
2. The Rent and Mortgage Cancellation Act would cancel rent and mortgage payments for up to one year
3. The Getting America Back to Work Act would provide a payroll tax rebate that covers 80 percent of payroll expenses, enabling businesses to more easily hire and retain employees.