The issue of ais now far less murky than before. After Senate Majority Leader Mitch McConnell confirmed early Monday that the next economic rescue package will include more money earmarked for individuals and families — “we want another round of direct payments,” he said — the real work can begin.
The Senate and House have a long way to go before the IRS can start sending out to those. First, McConnell has set a deadline to pass the next economic rescue bill. To meet it, White House leaders will need to work with members of Congress to agree on the size and scope of the next rescue bill.
The consequences of not passing a second bill would be far-reaching and, while Congress is working on the outlines of the package, McConnell said it was very unlikely a deal would be reached by the end of next week, the Washington Post reported.
“We can’t go home without [new legislation],” House Speaker Nancy Pelosi, a California Democrat, cautioned on July 16. “More people have died. More people have gone on unemployment. And more.”
What exactly happens if another stimulus check doesn’t get approved before the next recess? And if new legislation is passed, when’s the soonest you might expect to see a second IRS payment? We used the Senate’s calendar and the first stimulus check schedule as a model to formulate a possible timeline.
This story updates often in response to the developing situation.
What is the stimulus check ‘deadline’? 3 weeks away
The Senate now has 14 working days until Aug. 7 to build, debate, negotiate and pass another stimulus package before the last day of the current session.
Why? Because the Senate’s August recess runs from Aug. 10 through Sept. 7 (Labor Day), which means there are 32 days from the last date of the Senate session (Aug. 7) until the first day of the following session (Sept. 8). If there’s no bill passed by Aug. 7, it won’t get picked up again until then. The September session runs through Sept. 25.
Senate timeline for making a stimulus check decision
|July 20 – Aug. 7||In session. The Senate is not expected to work past Aug. 7.|
|Aug. 10 – Sept. 7||August recess.|
|Sept. 8 – Sept. 25||In session. If the Senate doesn’t pass a bill by Aug. 7, this is the next period it will have to work on a stimulus package.|
|Sept. 28 – 29||September recess.|
|Sept. 30 – Oct. 9||In session. If the Senate still hasn’t passed a bill, this is its last chance before the general election on Nov. 3.|
When would the IRS send out a second stimulus payment?
It’s still possible for the IRS to start sending checks in August, if a second round of stimulus checks gets the green light by the end of July.
For reference, the president signed the CARES Act into law on March 27 and the first stimulus payments went out less than three weeks later, on April 15.
For the purpose of speculation, let’s say that a new stimulus act becomes law on Friday, Aug. 7. Following the CARES Act timeline, the first checks could go out by Aug. 26.
It’s plausible, however, that the IRS could move even faster to send out the, since it already has the mechanism in place from the first batch, including a tool for people to and .
Factors like how many people would qualify for a payment the second time around could play a role in slowing down or speeding up this timeline.
When’s the last date I could receive a second stimulus check?
While we don’t know anything official — and won’t until another rescue package is official — we can draw on the experience of the first stimulus checks as a potential blueprint.
The IRS will have sent about 200 million checks by the time it’s done distributing the first raft of payments. (The total US population is nearly 330 million people, according to the Census Bureau.)
The majority of those were sent by the beginning of June, though the IRS said it will continue to disburse the final batches through the end of the year. If there are, it’s possible that it won’t take as long to send a second round of checks.
What would it take to get a second stimulus check?
To receive a second check, the proposed rescue package would need to pass both the House and the Senate before receiving a signature from the president. Only then could it take effect.
After that, the IRS now has a system in place to organize and distribute those checks. But it could still be weeks more before you receive a payment.
If you’re still waiting on the first round of coronavirus payments, you can, learn and find possible .
Here are even more resources aboutand , , and and how to .