Stimulus Proposal: $2,000 Payment Plus $1,000 Per Month Until 1 Year After Crisis Ends



The CARES Act provided many Americans with financial relief in the form of a $1,200 stimulus check. But as that program rolls out, it has become apparent to lawmakers that more financial assistance is needed. 

There are currently several proposals from various lawmakers that would provide Americans with ongoing financial support. You can learn more about current proposals here.



Now you can add the Automatic BOOST to Communities (ABC) Act proposal, which was introduced by Congresswomen Rashida Tlaib (D-MI) and Pramila Jayapal (D-WA).
If approved, the ABC Act would provide every American with a BOOST debit card that is preloaded with $2,000. The card would be reloaded with $1,000 each month until one year after the end of the COVID-19 crisis.
The bill calls for the use of pre-paid debit cards to assist those who are unbanked or do not have access to check cashing services.
Who Would Be Eligible for the $2,000 Stimulus Payment & $1,000 Recurring Payment?
The goal of this bill is to guarantee no one is left behind. As written, the bill would provide a $2,000 pre-paid debit card to everyone, including:
Taxpayers

Dependents

Non-citizens

Individuals who do not have a bank account, social security number, or permanent address.

People living in unincorporated territories or protectorates and Americans living abroad.


Dependents: The proposal gives an example of a family with four dependents being eligible to receive a pre-paid debit card for each taxpayer and each dependent. For example, a couple with two children would receive 4 debit cards at $2000 each, for a total of $8,000.
Non-citizens: This would include permanent residents, undocumented individuals, and temporary visitors whose stay exceeds three months.
These pre-paid debit cards would be reloaded with $1,000 each month until one year after the coronavirus emergency ends.


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