At the beginning of 2021, the new Biden administration shared plans to offer immediate supports to struggling Americans, followed by strategies to grow the economy through investments in infrastructure and families.1 The first two legislative packages created to encompass these supports—the American Rescue Plan (ARP) and the Infrastructure Investment and Jobs Act (IIJA)—were passed in 2021.2 Enhanced assistance programs that were either implemented or extended during this time led to significant changes for low-income individuals and families, demonstrating the power of policymaking to reduce poverty and improve millions of Americans’ financial security. Proposals that would not have come close to passing Congress just a few years ago were suddenly headlining stimulus bills. Critical elements of the Build Back Better Act (BBB) approved by the House should emerge in a Senate package that prioritizes long-term investments in an equitable economy.3 Turning temporary expansions in the social safety net into permanent ones would create a stronger, more equitable, and more resilient economy. Doing so as soon as possible would ensure that all families are able to take part in an economic recovery.
The American Rescue Plan was signed into law on March 11, 2021, and became the first landmark piece of legislation passed during the Biden administration. Designed as a stimulus bill to kick-start the economic...
The SEC is accusing a Florida fund manager of pocketing seven times his allowed fees and misrepresenting investment holdings to mislead investors. In a complaint filed in the Middle District of Fl...