With Republican senators rolling out their proposal on Monday for the, called the HEALS Act, the debate with the House of Representatives over the contents of the next stimulus bill can officially begin. That includes the details on for $1,200 and . All of that has a bearing on when the stimulus bill is signed and when the IRS would then be able to send out the first payments.
The gap between the narrowly focused $1 trillion Republican proposal and the sweeping $3 trillion Heroes Act, which House Democrats passed in May, is wide. The two parties have days to find common ground before an Aug. 7 deadline previously imposed by Senate Majority Leader Mitch McConnell to pass the new bill.
Using that deadline, we can sketch out a schedule for when the IRS could start sending the next wave of checks to your bank account or mailbox. The dates below are speculative only and many factors could speed up or slow down check delivery. This story updates often with new information.
When could the IRS send the second stimulus checks?
The Senate’s last day in session before its August recess is Aug. 7, which means Congress has to agree on a before 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 glean hints 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 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?
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 slow down the IRS sending the second 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 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 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 checks.
Will this be the last stimulus check?
In May, 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, on Monday. “The president sees this [current HEALS Act 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 .