Heading into the weekend, with theand Americans looking to Washington for continuing assistance as they struggle through a worsening , White House and Democratic negotiators say they are working on the details of the next stimulus proposal, but appear no closer to an agreement. “We are working around the clock to see if we can reach an agreement,” Treasury Secretary Steven Mnuchin said Thursday evening.
— and — are key questions about the . But another big question — how soon you could get the next stimulus payment — depends entirely on how long it takes for the White House and Congressional negotiators to agree on the final bill.
The two sides have until next Friday to reach an agreement on the deal, based on the Aug. 7 deadline set by Senate Majority Leader Mitch McConnell, when the current session ends. But Senators are already talking about pushing back the start of their scheduled August break: “There is no point to considering going home at the end of next week unless we have solved this problem,” Sen. Dick Durbin said Thursday.
Using the Senate’s deadline, we can work out a possible schedule for when the IRS could send the first checks in the mail or to your bank account. The dates below are speculative only, and many factors — including how quickly the two sides agree on the next proposal — could speed up or slow down check delivery. This story updates frequently with new information.
When the next IRS stimulus checks could go out
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 planned schedule (which could change). 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 glean hints based on the firstjourney 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 to 9 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 new stimulus check arrive quicker than last time?
On Monday, Sen. 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,” he 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 those of 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 — and working out glitches — for the first round of checks took time that the IRS is unlikely to need to process a second check.
What could delay the IRS sending the next stimulus payments?
If Congress and President Donald Trump can’t agree on the provisions in the new stimulus bill and miss the Aug. 7 deadline, it would be another month before the next session starts and the Senate and the House can reconvene and propose, debate and pass the bill, unless the House and Senate delay the start of their August recess.
Both chambers of Congress and the president appear motivated to pass the bill before Aug. 7.
When’s the last date I could get the new stimulus check?
Once again, the schedule for the first stimulus checks can provide a potential roadmap, 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 payments.
Would this be the final stimulus check?
In May, McConnell said that 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, on Monday. “The president sees this [current HEALS Act stimulus package] as not his last economic pitch ahead of the election.”
Do you 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 .