House Committees release details for the American Rescue Plan
On February 9, four House Committees released details covering various provisions of the American Rescue Plan. The House Committees on Oversight and Reform, Financial Services, Education and Labor, and Transportation and Infrastructure issued reports summarizing funding details within the next relief bill.
The reports address several provisions including funding for state and local governments, emergency rental assistance, additional funds for FEMA’s Disaster Relief Fund, and more.
Highlights:
- $350 billion for state, local, tribal, and territorial governments
- $195.3 billion for states and Washington, DC
- $130.2 billion divided evenly between cities and counties
- $20 billion for tribal governments
- $4.5 billion for territories
- Eligible for lost revenue due to COVID-19
$128.5 billion for state educational agencies
- Ninety percent allocated to local education agencies
- Bill section-by-section
$50 billion for FEMA Disaster Relief Fund
- For reimbursing expenses to state, local, tribal, and territorial governments continuing response and recovery activities from COVID-19, including vaccination efforts, deployment of the National Guard
- One hundred percent of costs eligible
- Bill text
$29 billion for Emergency Rental Assistance
- Covers rental assistance and utility payments
- Bill text
More information about the proposed relief measures can be found here: Relief Measures Analysis.
GFOA’s Federal Liaison Center will continue to monitor this legislation as details are released.