- By Pacific Island Times News Staf
'New rescue plan to move Guamanians from crisis to economic recovery'
Gov. Lou Leon Guerrero said said the U.S. Senate's passage of the $1.9 trillion American Rescue Plan Act of 2021, which President Joe Biden plans to sign into law.
“We expect the House to vote on its final passage this week for President Biden’s signature before previous aid expires. The additional aid to families and small businesses will help Guam move from crisis response to economic recovery," the governor said. "The bill amended by the Senate will provide direct payments to individuals, extended weekly emergency unemployment checks, long-term low-interest loans for small businesses, and more funds in rental, utility, and mortgage relief."
The Senate passed the Covid-19 relief plan by a 50-49 party-line vote after a 12-hour struggle.
Lt. Governor Tenorio added, “The most devastating effects of this pandemic have impacted our most vulnerable citizens - our children. The bill directly addresses this fact. Families with children will receive an increase in Child Tax Credits and food stamps. These benefits lift millions of people out of poverty and cut child poverty in half. We are much closer to helping individuals most in need.”