Stimulus Check Update: Lawmakers Aim to Protect Payments From Debt Collectors
Image source: Getty Images
Recently, the American Rescue Plan Act authorized coronavirus stimulus payments of $1,400 per adult and dependent child. These payments are meant to help families cope with the ongoing financial effects of COVID-19.
These stimulus check payments -- which have already started to hit people's bank accounts -- were authorized through a special legislative process called reconciliation. This process was necessary because the legislation did not receive support from Republicans.
Source Fool.com
