Source: United States House of Representatives – Congressmen Steven Horsford (NV-04)
December 22, 2020
Washington, DC – Last night, Congressman Steven Horsford joined his colleagues in the House in supporting a $900 billion legislative package for families, workers, and small businesses affected by the COVID-19 pandemic as part of the larger Fiscal Year 2021 appropriations bill, House Amendment to the Senate Amendment to H.R. 133 – Consolidated Appropriations Act, 2021.
“I am glad we were able to put this relief deal together; it is long overdue. This bi-partisan agreement will provide Nevada’s workers and small businesses some much-needed relief and help families keep food on the table and a roof over their heads during these difficult times,” said Congressman Horsford. “I want to be clear that this is not enough for Nevadans, and I recognize the urgent need for resources to crush the virus so we can open our economy and schools safely. Going into the 117th Congress with the Biden-Harris Administration, we must honor our heroes and front line workers, by supporting state and local government. I will continue fighting for Nevadans so that we get the federal resources needed to put an end to this virus.”
This fourth coronavirus relief package extends federal unemployment insurance benefits through March 14, 2021, including $300/weekly federal unemployment supplement. The bill also includes another round of direct payments worth up to $600 per adult or child; funds for Paycheck Protection Program (PPP) loans for small businesses; rental assistance; and funding for COVID-19 vaccine distribution and more.
Here are just a few of the numerous initiatives in this bipartisan bill that will benefit the residents of Nevada.
EXPANDED UNEMPLOYMENT BENEFITS FOR NEVADA WORKERS
- This bill provides $120 billion in enhanced unemployment benefits by providing an additional $300 weekly federal supplement, extends Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) for all Nevada workers receiving unemployment benefits through March 14, 2021.
DIRECT CASH PAYMENTS
- This bill provides $166 billion in Economic Impact Payments (EIP) of $600 for individuals making up to $75,000 per year and $1,200 for couples making up to $150,000 per year, as well as a $600 payment for each child dependent. This means a family of four will receive $2,400 in direct payments.
- This agreement also ensures mixed-status families in Nevada, where one spouse has a Social Security Number (SSN), are eligible for the EIP amount for each family member with an SSN, and can claim the corresponding amount for the first round of economic impact payments when they file their 2020 taxes.
DIRECT AID FOR NEVADA SMALL BUSINESSES
- This bill includes $284 billion for first and second forgivable PPP loans, expanded PPP eligibility for nonprofits and local newspapers, TV and radio broadcasters, key modifications to PPP to serve the smallest businesses and struggling nonprofits and better assist independent restaurants.
- The agreement also dedicates a $15 billion set-aside for Nevada’s live venues, independent movie theaters, and cultural institutions.
VACCINE DISTRIBUTION AND LIMITING THE SPREAD OF COVID-19
- This bill provides $69 billion to accelerate the free and equitable distribution of safe vaccines to as many Americans as possible with billions reserved specifically for combating the disparities facing communities of color, and to support our health care workers and providers.
FUNDING FOR NEVADA SCHOOLS
- This bill includes $82 billion in funding for the Education Stabilization Fund to support our school districts and higher education institutions.
- More specifically, Nevada’s elementary and secondary schools are estimated to receive $477.3 million to respond to coronavirus and address learning loss among Nevada students. The Nevada System of Higher Education is estimated to receive $116.7 million.
- For the first time ever, the federal government will set up an Emergency Rental Assistance program with $25 billion in critically needed rental assistance for families struggling to stay in their homes and an extension of the eviction moratorium.
- Nevada is estimated to receive $206 million to assist families in need of rental assistance and prevent homelessness.
TACKLING FOOD INSECURITY
- $13 billion in increased SNAP and child nutrition benefits to help relieve the historic hunger crisis that has left up to 17 million children food insecure.
CHILD CARE ASSISTANCE
- $10 billion for child care assistance to help get parents back to work and keep child care providers open.
INCREASING BROADBAND ACCESS
- $7 billion for broadband improvements to provide access to low-income families, tribal communities, and enhancements for telehealth capabilities.
TAX CREDITS TO SUPPORT FAMILIES, WORKERS, AND SMALL BUSINESSES
- Strengthened the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), ensuring that families who faced unemployment or reduced wages during the pandemic are able to receive a strong tax credit based on their 2019 income, preserving these vital income supports for vulnerable families.
- The agreement provides a tax credit to support employers offering paid sick leave, based on the Families First framework.
- The agreement extends and improves the Employee Retention Tax Credit to help keep workers in the jobs during coronavirus closures or reduced revenue.