American Rescue Plan Summary and Highlights

American Rescue Plan Summary and Highlights


The American Rescue Plan of 2021 is the latest COVID-19 relief package that provides $1.9 trillion in mandatory funding, program changes, and tax policies aimed at mitigating the continuing effects of the pandemic. The bill was crafted to provide urgent and targeted funding to defeat the virus and provide workers and families the resources they need to survive the pandemic while the vaccine is distributed to every American. The American Rescue Plan of 2021 was passed by the House on Feb. 27, 2021, and the Senate on March 6, 2021. It was signed into law by President Biden on March 11, 2021. The American Rescue Plan of 2021 will cost $1.9 trillion making it one of the largest economic rescue plans in U.S. history. The American Rescue Plan of 2021 is the latest legislation to facilitate recovery from the economic and health effects of the COVID-19 pandemic. This legislation follows the CARES Act of 2020 and the Consolidated Appropriations Act of 2021. This Act extends some aspects of those bills while also creating new recovery provisions. It mixes efforts to mitigate the economic effects of the pandemic with strategies to fight the virus itself.

Learning Objectives

At the end of this course, students will be able to:

  • 1. Identify the amount of aid allocated for local governmental assistance
  • 2. Identify the amount of aid provided to qualifying dependents in direct payments
  • 3. Determine the date extension of the Federal Pandemic Unemployment Compensation (FPUC), as well as the FPUC amount
  • 4. Identify the new amount of Child Tax Credit
  • 5. Identify the amount provided for the Veterans Health Administration


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Advanced Preparation

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Who Should Attend

SKU: AC-125.23|Credits: 2|Tax Law|eBook|Andrew Clark Category: Tags: , , is registered with the National Association of  State Boards of Accountancy (NASBA) as a  sponsor of continuing professional education  on the National Registry of CPE Sponsors. State boards of accountancy have final authority on  the acceptance of individual courses for CPE  credit. Complaints regarding registered  sponsors may be submitted to the National  Registry of CPE Sponsors through its website: