ARPA – Legislation

American Rescue Plan Act of 2021 – Summary

https://www.congress.gov/bill/117th-congress/house-bill/1319

This bill provides additional relief to address the continued impact of COVID-19 (i.e., coronavirus disease 2019) on the economy, public health, state and local governments, individuals, and businesses.

Specifically, the bill provides funding for

• agriculture and nutrition programs, including the Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program);
• schools and institutions of higher education;
• child care and programs for older Americans and their families;
• COVID-19 vaccinations, testing, treatment, and prevention;
• mental health and substance-use disorder services;
• emergency rental assistance, homeowner assistance, and other housing programs;
• payments to state, local, tribal, and territorial governments for economic relief;
• multiemployer pension plans;
• small business assistance, including specific programs for restaurants and live venues;
• programs for health care workers, transportation workers, federal employees, veterans, and other targeted populations;
• international and humanitarian responses;
• tribal government services;
• scientific research and development;
• state, territorial, and tribal capital projects that enable work, education, and health monitoring in response to COVID-19; and
• health care providers in rural areas.

The bill also includes provisions that

• extend unemployment benefits and related services;
• makeup to $10,200 of 2020 unemployment compensation tax-free;
• make student loan forgiveness tax-free through 2025;
• provide a maximum recovery rebate of $1,400 per eligible individual;
• expand and otherwise modify certain tax credits, including the child tax credit and the earned income tax credit;
• provide premium assistance for certain health insurance coverage; and
• require coverage, without cost-sharing, of COVID-19 vaccines and treatment under Medicaid and the Children’s Health Insurance Program (CHIP).

American Rescue Plan Act of 2021 Full Text

https://www.congress.gov/bill/117th-congress/house-bill/1319/text#toc-HE6226E5B9EFE41C5B4C144411408AF2A