If a new out-of-job Americans. Negotiations continue through the weekend on a that includes a worth up to $600, which is half of the $1,200 maximum the first stimulus payment brought in the spring.doesn’t pass before Dec. 26, the last remaining coronavirus relief programs will start to evaporate, including for tens of millions of
The working understanding on Capitol Hill is that President-elect Joe Biden will seek. It isn’t clear if that would that include a , but it could extend certain protections, like a halt to the majority of and the renewal of extra unemployment benefits to those who lost their job because of the pandemic.
As is, thenow under consideration only extends certain rescue measures for another few months or even less. We’ll take you through the specific benefits set to expire in 2020, and how the new stimulus bill could extend them.
A $300 bonus weekly unemployment check
The average weekly unemployment benefit doesn’t always equal a worker’s earnings and typically ranges between $300 and $600. To help fill the gap, theadded a . When that bonus expired on July 31, President Donald Trump signed an executive memo paving the way for a smaller $300 weekly bonus (for a six-week period) with the expectation Congress would soon pass another relief package.
That hasn’t happened yet, and all states have exhausted the six weeks of extra funding. The $300 bonus provision is set to end on Dec. 31, according to the president’s memo.
In the, the $300 bonus will restart for another 16 weeks if passed, although it’s unclear when states would send out the payments.
Extended weeks of unemployment insurance
Individual states handle unemployment insurance claims, determining if a person is eligible, how much they receive and for how long they can collect. Though it varies from state to state, the. Starting on Jan. 1, those additional 13 weeks provided by the federal government are gone.
Some states have already backfilled the void on their own, including increasing their benefit period up to 59 weeks, according to the Center on Budget and Policy Priorities. Others, including Alabama, Arkansas and Utah, haven’t taken action on it, which could leave unemployed workers in those states without assistance as the new year begins.
If Congress passes the, it would add-on another 16 weeks of unemployment insurance to cover jobseekers into April.
Unemployment money for freelancers, contractors, gig workers
Another initiative of the CARES Act, the Pandemic Unemployment Assistance program, also known as , provided economic relief to those who wouldn’t typically qualify for unemployment: self-employed workers, contractors and gig workers. The PUA is set to end Dec. 31, but most will receive their last check on Dec. 26.
Thewould provide 16 more weeks of PUA, along with the $300 weekly bonus.
An eviction ban benefitting renters and homeowners
The Centers for Disease Control, which called for a halt on .provided limited protection on evictions by only focusing on homes backed with a federal mortgage loan or households that received some type of federal funding. The by the
This order by the agency covered more households, including renters in 43 million households. But it also has an expiration date of Dec. 31.
If thepasses, it would extend the moratorium for one month. It’s then expected that President-elect Biden would provide a longer extension once .
Student loan deferrals
Students who are paying off federal student loans also received a reprieve under the one-month extension on deferments to Jan. 31., which gave them the option to defer their loan payments (and which paused the accrual of interest) until the end of September 2020. In August, . U.S. Secretary of Education Betsy DeVos announced on Dec. 4 a
Thedoes include a student loan deferment that would last until April.
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