Most of the American citizens are waiting for a second stimulus check payment as the COVID-19 pandemic has destroyed the economy. The US lawmakers were quick to pass the CARES act in March which provided around 80 million citizens a stimulus relief payment of $1,200 for taxpayers earning less than $75,000 per year.
It has been more than four months since the last stimulus check arrived and most of the people are already out of money again as the Coronavirus cases have crossed 3.78 million figure. Here are more details on the second stimulus check release date and when will the senate pass the next round of stimulus payment.
Senate Updates for the Second Stimulus Check
The US Senate will return from the recess on July 20 as the lawmakers had to take an important decision regarding the second stimulus relief package. The COVID-19 outbreak has gotten worse in July and the economy is failing badly. The Senate doesn’t have much time as the sessions will continue till only August 7 and then go for a break again until early September.
Everyone please pray that the Senate does the right thing come 7/17. That’s when they come back from their recess. Pray that the additional $600 is extended til 2021 and that there is a second stimulus check.
— Neiman Marcus Stan Account (@TheBrookeAsh) July 12, 2020
There are high chances that the lawmakers will come to an agreement between July 7 and August 20 as the matter is too urgent. It means that the second stimulus check should be cleared out in August and the eligible citizens will get their money soon.
When will Second Stimulus Payment arrive in out Bank Accounts?
The Republicans and Trump were not in favor of the second stimulus check but that might change after the coronavirus condition has gotten worse in the United States. The huge surge in COVID-19 cases means that unemployment rates will rise again and the country will need a second round of stimulus package.
The IRS has already set up the system to distribute the stimulus payments electronically and via direct deposit too. It is just a matter of weeks when the second stimulus check is cleared and the citizens receive the COVID-19 relief money in their bank accounts.