February 19, 2021
The House Budget Committee on Friday released the legislative text for the COVID-19 rescue bill that President Joe Biden hopes to sign into law by mid-March.
The legislation includes provisions from nine House committees, including the tax-writing House Ways and Means Committee, which last week vetted and passed its rescue plan. The House Budget Committee did not make changes to what the tax-writing committee approved.
The House Budget Committee on Monday will “markup” the bill, meaning the committee can make some changes to the underlying legislation, but those changes cannot materially change the bill.
The legislation is expected to pass the House Budget Committee and the House is expected to vote on the measure late next week where passage is also expected. After action in the House, the package will go to the Senate.
Below are some of the provisions that the House Ways and Means Committee approved for the rescue plan:
The House Ways and Means Committee’s section-by-section summary of its provisions can be found here.
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