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BUSINESS UPDATE: President Signs COVID Stimulus Relief Package into Law

Posted on Mar 15, 2021 - News by

Last week, the President signed his $1.9 trillion pandemic aid package into law after the underlying bill narrowly passed mostly party-line votes in the House of Representatives (220-211) and the Senate (50-49). The new law includes:

  • $1,400 stimulus check to Americans earning less than $75,000 per year;
  • health insurance subsidies;
  • an increase in the child tax credit;
  • direct funding to state and local governments;
  • funding for schools; and
  • more money for vaccine distribution.

The stimulus checks began hitting bank accounts over the weekend. The remaining measures of the law will roll out soon. 

We will provide further updates as the bill works its way through Congress and the President’s desk.  If you have any questions concerning these matters or if we can provide you with any further assistance, please let us know. 

Markowitz Ringel Trusty + Hartog concentrates on the representation of businesses, institutions, fiduciaries, and individuals across several practice groups, which include Restructuring + Insolvency, Litigation + Dispute Resolution, Real Estate + Business, Probate + Guardianship, and Trusts + Estates. Dedication to clients and service to the community are the principles upon which Markowitz Ringel Trusty + Hartog was founded in 1980, and upon which it still operates today.