WHAT: With the United States experiencing the worst economic crisis since the Great Depression and the worst public health emergency in over 100 years, President Joe Biden has signed into law the American Rescue Plan Act of 2021 (ARPA), a $1.9 trillion stimulus package to aid recovery from the COVID-19 pandemic.
“The American Rescue Plan represents President Biden’s promise since before his inauguration to address the COVID-19 pandemic and related economic crisis,” said Barbara O’Dell, J.D., a Wolters Kluwer senior legal analyst. “The robust stimulus package emphasizes direct payment to individuals, delivery of vaccines and expanding healthcare coverage assistance along with greater support for the transportation industry.”
WHY: This historic stimulus package includes not only funding for vaccination programs but also support for individuals, businesses, schools, and state and local governments. In this new report, Wolters Kluwer’s experts provide analysis on the following:
- The third round of direct stimulus payments;
- Extensions of unemployment relief;
- Increased funding for COVID-19 testing and vaccinations;
- The extension and expansion of the paid sick and FMLA leave tax credits;
- Changes related to retirement plan funding, and more.
WHO: Wolters Kluwer’s legal analysts are available to discuss a wide range of issues covered under ARPA, including labor and employment, tax, employee benefits, pensions, health, and other provisions.
Media Contact: For members of the press who wish to interview a Wolters Kluwer legal analyst about provisions of the American Rescue Plan Act or related topics, please contact us at [email protected].
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