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- H.R.7960
H.R.7960: Payments for the People Act
About This Bill
- Introduced Aug. 7, 2020
- Latest Major Action Aug. 7, 2020
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Version
- Introduced in House - Aug. 7, 2020
Bill Summary
Payments for the People Act This bill provides for additional recovery rebates to individual taxpayers and their dependents based upon the average unemployment rate over a three-month period. The rebates are between $1,000 and $2,000 each month and continue until the unemployment rate falls below 5.5%. The rebates phase out for individuals whose modified adjusted gross income exceeds $75,000 ($150,000 for married couples filing jointly).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Aug. 7, 2020 |
Referred to the House Committee on Ways and Means.
|
| Aug. 7, 2020 |
Introduced in the House by Madeleine Dean (D-Pa.) |