Congressman Panetta Votes to Pass and Send American Rescue Plan to President Biden for Signature
As a member of the House Ways and Means Committee, Congressman Panetta was one of the few members asked to speak in support of the American Rescue Plan before its passage.
To watch his speech, please click here.
Today, Congressman Jimmy Panetta (D-Carmel Valley) released the following statement on the final House passage of the American Rescue Plan. The relief package includes direct payments to qualifying Americans, extends the weekly unemployment assistance supplement, expands the child tax credit, and authorizes federal funds to help families and communities in need. The bill is expected to be signed into law by President Biden this Friday.
“For the past year, our way of life has been upended due to a pandemic that has led to the loss of over a half of a million lives and millions and millions of jobs. Although Congress did its job and passed five relief packages over that same period, which kept the economy afloat and the poverty rate flat, and led to the development of a vaccine, now is not the time to let up,” said Congressman Panetta. “The American Rescue Plan will help us win the race of infections versus injections and get our economy going again. Not only will this legislation provide federal funding for further vaccine deployment, but also direct payments and unemployment insurance to those who need it the most, relief for small businesses, including the restaurants of our local hospitality industry, aid to our local cities for police and fire services, childcare, healthcare, broadband services, and safe school reopenings. Moreover, due to my work on the House Ways and Means and Agriculture Committees, I secured critical provisions for our local farmers and farmworkers and long-term care facilities, including $3.6 billion for vaccines, testing, and PPE specifically for farmworkers and the passage of my SOS Act that would deploy strike teams to long-term care facilities experiencing COVID outbreaks. Those types of beneficial provisions in that type of meaningful legislation by Congress demonstrate our efforts to get things done for the American public during the pandemic and as we get on the road to recovery.”
Following the House-passage of the American Rescue Plan in February, the legislation went through the Senate amendment process. Today, the House passed the Senate-amended version of the relief package. Following today’s passage, the American Rescue Plan will be sent to President Biden and signed into law.
The American Rescue Plan includes the following funding provisions:
Economic Impact Payments
- $1,400 for single individuals making up to $75,000 per year OR heads of household making up to $112,500 per year OR $150,000 for joint filers.
State and Local Funding
- The measure includes $350 billion to help state, local, tribal, and territorial governments pay for unbudgeted expenses tied to the COVID-19 emergency.
- This includes $219.8 billion for states, including $20 billion for tribal governments, and $130.2 billion for localities.
- The State of California will receive over $26 billion to respond to COVID, with local governments receiving an additional $16.35 billion.
- $125 billion for public K-12 schools to safely reopen schools for in-person learning, address learning loss, and support students as they work to recover from the long-term impacts of the pandemic.
- $21.5 billion for Emergency Rental Assistance.
- $9.9 billion for homeowner mortgage and utility assistance.
- $7.1 billion to bolster broadband for remote learning at schools and libraries.
- $118 billion to expand the Child Tax Credit to expand the child tax credit to $3,600 for children under 6 and $3,000 for children under age 18. This will nearly cut child poverty in half.
- $242 billion to extend the current enhanced unemployment benefits and the $300 per week boost through September 6.
- $24 billion in funding for small businesses. This includes $15 billion for EIDL loans and $175 million toward assistance for community organizations, SBA resource partners, and community financial institutions to serve as “community navigators” to connect small business owners to SBA resources.
- The measure would increase PPP's lending authority by to $813.7 billion.
- $8.5 billion for vaccine activities at the Centers for Disease Control and Prevention.
- $5.2 billion to support manufacturing and purchasing vaccines.
- The measure would provide $10 billion to use the Defense Production Act to purchase, produce, and distribute medical supplies and equipment related to COVID-19.
- $1.5 billion for Community Mental Health Services.
- $1.5 billion toward block grants for prevention and treatment of substance abuse.
- $80 million for the Pediatric Mental Health Care Access Program.
- $43 billion in federal grant funding for transit agencies, airports, and Amtrak.