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Senate Passes $1.9 Trillion COVID-19 Relief Bill: What You Need To Know

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March 9, 2021 | FG Law Blog
Kelly Barry
Cherry Hill, NJ

The Senate passed President Biden’s $1.9 trillion COVID-19 relief package late Friday night.  While the bill must go back to the House of Representatives for reconciliation with the bill they passed in late February, it is a major step forward in getting financial relief to those in need.

Here’s what you need to know about the COVID-19 Relief Bill:

The Senate bill included many other provisions, including a change to the child tax credit, providing further relief to state and local governments, and funding for COVID-19 testing, vaccinations, and contact tracing.  We will have to wait for the reconciled bill to see if any of these provisions change, but it is notable that the bill was passed and is heading towards reconciliation. Stay tuned.

Questions? Let Kelly know.

Kelly Barry is a member of the firm’s Business and Corporate Department and Taxation Practice Group assisting clients in a wide range of corporate matters, including those involving transactional law, tax, and trusts and estates.  She can be reached at kelly.barry@flastergreenberg.com or 856.382.3305.

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