On Monday afternoon, Senate Republicans rolled out the much-anticipated HEALS Act, itsthat will include for $1,200. That’s assuming it passes as is, without any amendments or negotiation.
Debate, however, is expected. The HEALS Act is far more narrow than the rescue package proposed by the House of Representatives’ Heroes Act (PDF) in May, which fizzled before the Senate, untouched. Only after negotiation that determines the particular, including thecan we even start to scope out when the IRS could send the next wave of checks.
While neither McConnell nor the other Republican Senators mentioned a payment schedule on Monday, the White House goal is for the checks to arrive beginning in August. “We’re prepared to move quickly,” Treasury Secretary Steven Mnuchin said on Saturday.
To see when you could expect to receive the next direct payment, we’ve matched up the Senate calendar with the schedule for the first stimulus check payments as a guide. Just a heads up that the dates we present below are speculative only and many factors could speed up or slow down check delivery. This story updates often with new information.
When would the IRS send the new stimulus checks?
The Senate’s last day in session before its August recess is Aug. 7, which means Congress has to agree on abefore then if it keeps to its schedule. After that, senators return to their home states until the session picks up again Sept. 8.
We don’t know how long it’ll take from the time the bill is signed into law to the time the IRS sends checks, but we can sketch out possibilities based on the first CARES Act’s journey through the final approval process.
When could the second stimulus checks go out?
|Date passed by Senate||Date passed by House||Date signed||First checks sent|
|Original CARES Act||March 25||March 26||March 27||April 15|
|Proposal date||Negotiations begin||Negotiation time before deadline||Deadline to pass a bill|
|HEALS Act||July 27||July 27||7 or 8 days||Aug 7|
|If Senate passes||If House passes||If President signs||First checks could be sent|
|Final negotiated bill||Aug. 6||Aug. 7||Aug. 10||Week of Aug. 24|
|Sept. 8||Sept. 9||Sept. 10 or Sept. 11||Week of Sept. 28|
How could the second stimulus check arrive sooner?
Here are some possibilities that could result in the IRS sending checks sooner rather than later, assuming the next stimulus bill passes Congress on Aug. 7.
On Monday, Senator Chuck Grassley said the HEALS Act will follow the stimulus check model of the CARES Act: “The Republican plan provides for another round of $1,200 of economic impact payments for most American adults,” Grassley said. “We are going to continue the economic impact payments that were made in April and May.” Here’s how that could get you a check sooner.
- HEALS ACT guidelines are mostly the same as the original CARES Act, which allows the IRS to follow its previous model.
- The IRS already built its Get My Payment tool for the dual purposes of payment and signing up for . Implementing this tool for the first checks took time that the IRS is unlikely to need to process a second check.
What could slow down the IRS sending the second stimulus checks?
If Congress and President Donald Trump can’t agree on the contents of the next stimulus bill and miss the Aug. 7 deadline, it will be another month before the next session and the Senate and the House can reconvene and propose, debate and pass the bill. Both chambers of Congress and the president appear motivated to pass the bill before Aug. 7.
When’s the last date I could receive a second stimulus check?
Once again, the first stimulus checks can provide a potential blueprint, though there’s no official news until another rescue package is finalized.
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.
Will this be the last stimulus check?
In May, Senate Majority Leader Mitch McConnell said this next coronavirus relief bill will also be the last. The course of COVID-19 infections will certainly play a role in future debates over the best way to strengthen the economy. Coronavirus infections, with record numbers of infections rising in July.
However, the White House might try to squeeze in one more stimulus check before November. “There is likely going to be another round of stimulus come the fall,” said Kevin Cirilli, Bloomberg News’ lead Washington correspondent. “The President sees this [current stimulus package] as not his last economic pitch ahead of the election.”
Need more help?
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 .