How Likely Is a Second Stimulus Check?

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The first wave of stimulus payments went out mid-April to help ease the financial burden for Americans affected by the coronavirus pandemic.

The checks are part of the $2.2 trillion coronavirus relief bill called the CARES Act passed by Congress.

Still, many are waiting to get their first stimulus check (and here are some reasons it may be delayed) and may have to wait up to 5 months. Others are wondering whether a second one is in the cards as $1,200 isn’t adequate assistance for many who have fallen on hard times.

According to a recent survey by financial technology company SimplyWise, 63% of Americans will need another stimulus check within the next three months.

There have been several proposed bills that would offer additional assistance to Americans who have been laid off or furloughed and are unable to pay bills and take care of their families.

Tim Ryan (D-OH) and Ro Khanna (D-CA) introduced the Emergency Money for the People Act aiming to provide monthly cash payments of $2,000 to millions of eligible Americans until things return to normal.

Similarly, Congresswomen Rashida Tlaib (D-Mich.) and Pramila Jayapal (D-Wash.) proposed a plan called the Automatic BOOST to Communities Act (ABC Act) that introduced “digital dollars.” Under the plan, each American would swiftly receive $2,000.

Even President Donald Trump said that a second round of payments was “absolutely under serious consideration” during a news conference on April 6, however, it likely won’t happen anytime soon.

Newsweek reports that the GOP are reluctant to spend more because of national debt. The publication also notes they’re hesitant to make decisions until they determine how the aid they’ve already given impacts people.

Senate Majority Leader Mitch McConnell also added that in order to pass another bill, he would “demand specific liability protections be extended to companies as they reopen.”

Yahoo mentions another roadblock in passing the second stimulus bill is that the House Majority Leader Steny Hoyer cancelled plans to bring lawmakers back to the Capitol on May 4, per physician orders.

"We will not come back next week but we hope to come back very soon to consider the CARES 2 legislation," Hoyer, D-Md., said per NPR.

CARES 2 would offer direct payments and additional aid for state and local governments, plus free health care coverage for coronavirus patients, according to Huff Post.

For now, the status of whether Americans will receive a second stimulus check is up in the air. If a second wave of relief does come to pass, it might not be soon enough for the Americans who are facing down bills, mortgages, and more.

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