The Senate passed the relief package on Saturday, sending the amended bill back to the House this week where the legislation is likely to pass. The legislation likely would be signed by the president later in the week, with the Treasury Department and the Internal Revenue Service quickly issuing the next round of payments shortly afterward.
“Under the Senate version of the bill, 158.5 million households are going to receive direct payments,” White House Press Secretary Jen Psaki said at a press conference on Thursday. “That’s 98% of the households who received them in December.”
Around $450 billion of Biden’s $1.9 trillion “American Rescue Plan” is earmarked to go directly to Americans’ wallets. This round of stimulus checks would be $1,400 per eligible individual plus a $1,400 bonus per dependent.
Here’s what you need to know about the third round of stimulus checks.