Putting Americans First in American Rescue Plan
WASHINGTON, D.C. — U.S. Congresswoman Joyce Beatty (OH-03), Chair of the House Financial Services Subcommittee on Diversity and Inclusion, helped lead the House Financial Services Committee’s markup this week of the American Rescue Plan, a comprehensive COVID-19 relief package providing greater assistance to workers, families, and small businesses.
“The American Rescue Plan is all about meeting the moment because lives and livelihoods are on the line,” Beatty said. “This historic piece of legislation will do just that by delivering direct relief to the people immediately.” She added, “I look forward to continuing to work with the White House and congressional leadership to get the American Rescue Plan quickly signed into law so that my constituents, our economy, and nation can build back better.”
Under the Financial Services Committee’s purview, the American Rescue Plan includes:
- $25 billion in rental assistance (in addition to $25 billion previously authorized under the bipartisan Government Funding / COVID-19 Agreement).
- $10 billion for small business lending (expected to drive $100 billion in new investment).
- $10 billion to improve production of personal protection equipment and much-needed medical supplies.
- $10 billion for homeowner relief.
- $5 billion to better assist individuals experiencing homelessness or at-risk of homelessness.