The U.S. House of Representatives on March 10, 2021, passed the
Senate-amended H.R. 1319, the American Rescue Plan (ARP). The ARP
provides $1.9 trillion in additional relief to respond to the novel
coronavirus (COVID-19). This follows the enactment of nearly $4
trillion in COVID relief in 2020. President Joe Biden called for
Congress to enact the ARP to provide relief for individuals and
businesses struggling due to COVID-19, as well as to achieve other
priorities of the Biden Administration and Congress. ARP includes
provisions on aid to state and local governments, hard-hit
industries and communities, tax changes affecting individuals and
businesses, and other provisions.
The latest COVID relief legislation was enacted as part of
Congress' fiscal year (FY) 2021 budget, and includes provisions
impacting a wide variety of stakeholders. The following chart
highlights some noteworthy provisions.
