The HEROES Act, also known as the Health and Economic Recovery Omnibus Emergency Solutions Act, has successfully made its way through the House of Representatives.
On May 15, 2020, the House of Representatives voted to pass the second stimulus bill designed to soften the pandemic’s staggering effects on the health care system and economy. Once fully approved the $3 trillion bill would disperse a second round of stimulus checks in varying amounts from $1,200 to individuals and up to $6,000 for a household, as well as financial relief for state and local governments and businesses.
Now the bill is headed to Senate, where it will face an uphill battle in order to be approved. However, many Americans are optimistic that further financial assistance will be approved and on its way sooner than later.
The Omni Calculator Project has created a tool where Americans can get an idea of what their second stimulus package would look like with the HEROES act. Relatively easy to use, the calculator can determine the estimated amount of money you would receive if the HEROES act is passed. By inputting a few numbers and answering a couple of questions, the calculator can produce a number for you. You can test the calculator out for yourself by clicking here.
In addition to the second round of stimulus checks, the new bill would call for hazard pay for all frontline workers as well as extending the boost to unemployment insurance through January 2021. $175 billion in rent, mortgage, utility assistance, relief for state and local government will also be included in the HEROES act.
The Senate is expected to vote on the bill in June 2020, however it is not expected to pass. This wouldn’t be a firm “no” however, just a “not right now.” The Senate states that it is still “not quite ready” to put a second relief package in place, however, there is a “high likelihood” of some sort of second relief package coming in the near future.
Watch the video below for more information on the HEROES act.