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Monthly $2,000 Payments and Digital Wallets for Citizens During Crisis.

This Act establishes a program providing eligible citizens with monthly payments of $2,000 during the COVID-19 crisis and for one year afterward. These funds are protected from garnishment and do not affect eligibility for other social benefits. The program aims to provide rapid financial support and aid economic recovery.
Key points
Eligible individuals receive $2,000 monthly throughout the crisis period, followed by $1,000 monthly for an additional year.
Payments are protected from creditors (garnishment) and do not disqualify recipients from other federal social benefits.
Introduction of fee-free BOOST debit cards and a plan to establish government-administered digital bank accounts (FedAccounts) after the program ends.
Additional targeted financial assistance is provided for at-risk populations, including the homeless, elderly, and disabled.
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Additional Information
Automatic Boost to Communities Act
Print number: HR 1030
Sponsor: Rep. Tlaib, Rashida [D-MI-13]
Process start date: 2021-02-11