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Parents would be eligible for a monthly sum during the latter half of their pregnancy, with families able to request funds start four months prior to the baby's due date. Unlike the previous stimulus plan that paid parents, this Act would make the money available during pregnancy even before the child was born. The Family Security Act would provide $350 per month for young children ages 5 and under and $250 per month for school-aged children between the ages of 6 and 17 in order to offer financial relief to parents.
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Here's how the Family Security Act 2.0 would work This Act would provide stimulus money to eligible parents, with some families receiving as much as $350 per month per child.
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Senators Mitt Romney (R-UT), Richard Burr (R-NC), and Steve Daines (R-MT) announced a plan called the Family Security Act 2.0. The stimulus money authorized in this plan has now been distributed and, unfortunately for struggling Americans, no additional funds have been forthcoming.Ī new proposal could change that, though. When the American Rescue Plan Act was signed into law in March of 2021, President Biden touted both the $1,400 checks it provided as well as the ongoing payments that would be deposited into the bank accounts of parents across the U.S. Check out our pick for Best Cash Back Card of 2022