Now that a new coronavirus relief package has been approved by Congress, those who’ve been relying on federal unemployment benefits for close to a year are wondering what comes next?
ABC News reported both the U.S. House of Representatives and the U.S. Senate have passed a $900 billion COVID relief package.
The bill will now be sent to President Trump for final approval.
The bill includes $600 direct payments and $300 in unemployment benefits.
Treasury Secretary Steven Mnuchin said those who qualify for direct payments in the new legislation should expect to see money in their accounts as early as next week.
But the devil, of course, is in the details.
How exactly will direct payments and unemployment benefits get into the hands of Guam residents?
Although many of those details have yet to be hammered out, Guam Department of Labor director Dave Dell’Isola says he’s confident that GDOL’s experience with the CARES Act will help them prepare for whatever comes their way.
“The good thing is that we did this before. It took months and months for USDOL to get us what that WBA amount is..the $345..to find out whether the FPUC was going to be eligible for Guam or not..and to get all the accounts established..and how they were going to wire the money to us..or allot the money..all those are in place already so we’ve already been to the rodeo..we just need to wait to see if we’re..what that rodeo is going to be, so that we could start the paper process and push it out. And we will push it out as quickly as possible,” Dell’Isola said.
Dell’Isola says he hopes that current unemployment recipients won’t have to reapply for the new program. But at this point, it’s too early to tell.
President Trump is expected to sign the bill later this week.