Government Connection

President Biden Signs $1.9 Trillion COVID-19 Relief Package

On Thursday, March 11, President Biden signed into law the $1.9 trillion pandemic aid package. This legislation provides $1,400 direct payments to taxpayers making up to $75,000 individually or $150,000 per couple. The checks phase out above that level, going to zero at $80,000 per individual and $160,0000 per couple. Also, it extends federal pandemic unemployment benefits for gig workers and the long-term unemployed through September 6, 2021, at the level of $300 per week. In addition, the bill provides $4 billion to the United States Department of Agriculture (USDA) for food supply chain and agriculture pandemic response. The legislation includes a provision to “make loans and grants and provide other assistance to maintain and improve food and agricultural supply chain resiliency”, which could be a unique opportunity for our industry. Stay tuned for more information regarding that provision, as we expect more guidance from USDA in the coming weeks.

 

Read the final bill HERE.

March 11, 2021

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