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Congress Advances President Biden’s $1.9 Trillion COVID-19 Relief Proposal

Friday, February 5, 2021
Ashley Harrington

WASHINGTON, D.C. – Today, the U.S. House of Representatives approved the budget resolution for President Biden’s $1.9 trillion COVID-19 relief proposal. This vote comes after Senate Democrats passed the resolution with a simple majority of 51 votes, part of a procedural tool known as reconciliation. Congress will now write a final bill that can be passed by a simple majority in both chambers.

Center for Responsible Lending (CRL) Federal Advocacy Director and Senior Counsel Ashley Harrington released the following statement:

The budget resolution approved today is a good first step towards passing relief legislation that Americans urgently need. President Biden’s proposal would help Black and brown communities that have been disproportionately affected by the pandemic’s impact. We urge Congress not to hesitate to move this desperately needed package towards final passage and President Biden’s desk.

Going forward, Congress and the Administration must immediately begin work to ensure that we create a more inclusive economy that centers on racial justice. Americans urgently need equitable policies across the board that recognize the specific financial challenges low-income borrowers and people of color face. Equitable housing policies, student debt relief and reform, and grants for small businesses and particularly those owned by people of color must be a part of the infrastructure and recovery plan to come. Each of these will help working families achieve financial security and build wealth, all while stimulating the economy. We must continue to work with and push the Biden Administration and members of Congress, to provide relief and support for vulnerable communities and implement legislation that ensures an equitable economic recovery.

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Press Contact: Matthew Kravitz matthew.kravitz@responsiblelending.org