When Will Congress Act on Stimulus Payment?
After the failed talks of stimulus negotiators between the Republican and Democratic highest officials, Congress would reportedly act on the second round of the stimulus payment next month.
The failed negotiation of Republicans and Democrats on the second round of the stimulus payment has led President Donald Trump to issue an executive order to expand the unemployment claim. Trump also issued another three memoranda to help millions of Americans.
Even though it has been recently reported that the deal is almost near to be closed, it cannot be denied the two groups of stimulus negotiators continue "to be trillions of dollars apart."
The weekly $600 unemployment claim has become one of the main issues why the relief aid did not progress. The Democrats are pushing for $600 weekly unemployment aid, and the Republicans described the offer as ridiculous.
The GOP stimulus negotiators offered $200 weekly unemployment benefit, but those who will go back to work will also be given bonuses.
Reports said the least Congress could act on the next stimulus payment will be in the middle of September as both chambers will be busy in the next two weeks for the Republican and Democratic conventions that will be held a week apart.
House Speaker Nancy Pelosi will be in California to support the Democratic Party's formal nomination to Joe Biden. The Republicans, on the other hand, will renominate Trump, a week after the Democrats nominate Biden.
With all these scenarios, the speediest time that Congress can act and help millions of Americans waiting for their stimulus payment will be next month, a CNN News also reported.
The process of voting for the bill alone could take a week. After the bill is drafted, it will go through a legislative process, and members will have time to review and be briefed on the details.
The Rules Committee will then have to meet, set the parameters, and debate the bill. However, this process could slow down, particularly in the Senate, if any senator will object to speeding up consideration.
If that happens, then the bill can be signed by Trump before September ends, which would help millions of Americans before the election period.
Meanwhile, Republican Senate Homeland Security and Governmental Affairs Chairman Ron Johnson said: "It doesn't sound like any progress has been made. However, I am always amazed how quickly a bipartisan deal can be crafted to spend hundreds of billions, and in this case a couple of trillion dollars."
"Never discount the big spenders' ability to do a big spending deal," he added.
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