There May Not Be a Second Stimulus Check, So Take This Step to Avoid Missing Out on the First One
The COVID-19 crisis managed to wreak immediate financial havoc once cases started multiplying domestically back in March. Thankfully, lawmakers reacted rather quickly, and in late March, the CARES Act was signed into law. It included, among other provisions, the one-time $1,200 stimulus payments millions of Americans have received to date, whether by direct deposit, check, or debit card in the mail.
While that initial round of stimulus cash was crucial in helping Americans get through the ongoing crisis, many continue to struggle, and lawmakers have argued that a single stimulus check wasn't enough given the recession we're in. As such, there have been several proposals designed to put more stimulus cash in Americans' hands.
The HEROES Act, for example, was introduced by Democratic lawmakers and calls for a second stimulus payment worth up to $1,200 per adult, plus $1,200 for qualifying children, up to a maximum of three children per household. But unfortunately, the HEROES Act is basically going nowhere in the Senate, since Republican lawmakers have made it abundantly clear that they oppose it. As such, Americans may need to brace for the fact that there may not be a second stimulus check at all.
Source Fool.com
