Your Next "Stimulus Check" Could Have Big Strings Attached
The coronavirus pandemic has had a devastating impact on the entire world. Millions of people have caught the COVID-19 disease, with hundreds of thousands of deaths. Even those who've avoided the coronavirus itself have had to deal with its economic consequences, which include shutdowns and stay-at-home orders that have thrown tens of millions of people out of work.
The U.S. government has already provided substantial financial assistance to address the consequences of the pandemic, including the much-publicized $1,200 stimulus checks that the majority of Americans have either already received or will receive within the next few months. Some lawmakers believe that more assistance is necessary, and that's what prompted the House of Representatives to pass the HEROES Act, which includes another set of stimulus checks. However, the Senate has taken a much less aggressive approach toward further coronavirus economic relief, and it's far from a foregone conclusion that it will vote in favor of the House bill.
Instead, a bipartisan group of lawmakers there are looking to provide more targeted relief to those Americans hit hardest by the coronavirus crisis. If it becomes law, it could provide thousands of dollars in assistance -- but only to a more select group of those in need, and only in exchange for agreeing to do some hard work of your own.
Source Fool.com
