After months of debate regarding the federal government’s third round of COVID-19-related economic stimulus, President Biden signed the American Rescue Plan Act of 2021 (ARP), Pub L No 117-2, 135 Stat 4 (2021), into law on March 11.
As we summarize below, the ARP will provide federal dollars through a wide range of channels, including individual stimulus checks, funds for state and local governments, COVID-19 testing and vaccines, education, small businesses, and anti-poverty programs, including three expanded tax credits.
$1,400 Individual Stimulus Checks
Among the funds distributed by the ARP, the largest portion, more than $400 billion, is allocated ...