Given the congressional agenda and Donald Trump’s wishes, this would be the possible new schedule for the second stimulus check.
Five months have passed since negotiations began on the new economic bailout and to date – October 8 – the results continue to be nil, as Democrats and Republicans have failed to reach a bipartisan agreement on passage of a new stimulus package.
That’s why the President of the United States, Donald Trump, announced on October 6th that he ordered his representatives to cancel the negotiations of the new economic rescue until after the presidential elections, that is, until November 3rd.
However, hours later the president retracted his statement and expressed his willingness to sign an agreement to “immediately” distribute a second $1,200 stimulus check to U.S. citizens, if any.
Second Stimulus Check: Possible New Schedule and New Deadline
That said, and given Congress’ agenda, these would be the possible scenarios for the approval of a new economic rescue with relief for the coronavirus and the distribution of a second stimulus check.
|Second Stimulus Check: Possible New Schedule|
|Voting in the Lower House||Voting in the Upper House||President’s signature||First payments|
|Oct. 19||Oct. 20||Oct. 21||From Nov.9|
|Nov. 23||Nov.30||Dic. 9||From Dic.14|
|Dic. 7||Dic. 8||Nov. 18||From Dic.21|
|Feb. 1, 2021||Feb. 2, 2021||Feb. 3, 2021||From Feb. 8, 2021|
It should be noted that, if a second stimulus check is approved, the beneficiaries who would receive the aid first would be all those who have a record of direct deposit through the 2019 or 2018 tax return.
Social Security beneficiaries would then follow, and then those who have no banking information available, i.e., those who would receive the check in its printed form. Similarly, it is estimated that citizens who were benefited by EIP cards would receive payment more quickly, since they now have banking information.