President Donald Trump has insisted he would sign a standalone bill prior the election for more stimulus checks to be sent to Americans—though time is running out for money to be able to arrive with people before Election Day on November 3.
While Trump called off talks aiming to agree a bipartisan relief package amid the COVID-19 crisis, he has indicated a willingness to enact measures in a piecemeal fashion and has declared his support for a further round of Economic Impact Payments.
In regards to signing such a bill, he tweeted: “Move Fast, I Am Waiting To Sign!”
The CARES Act, which was signed more than six months ago, granted eligible individuals $1,200, which was paid via direct deposit, checks or on pre-paid debit cards.
A second round of such payments would likely be processed by the Internal Revenue Service faster than the first round, according to IRS managers, although there would still be a delay in them being approved for distribution.
It has previously been suggested by IRS managers that a second round of payments would be released faster than the first, because relevant systems would already be in place and more people’s details would likely be up to date.
However, though the process could be quicker, there would still be a cut off as to how late payments could be sent in order to arrive before Election Day, Chad