Stimulus checks return? What you need to know about $350 monthly payments

Leada Gore (TNS)

A proposal from Sen. Mitt Romney would restart monthly payments for millions of Americans. Unlike previous stimulus efforts, however, Romney’s plan – officially known as the Family Security Act – could put work requirements in place for millions of recipients.

Restart payments: The Family Security Act would provide monthly benefits of up to $350 a month for families with children ages 0-5 and $250 per month to those with children ages 6-17. The maximum monthly payment for families would be $1,250 and expectant parents would be able to apply for benefits to begin four months prior to their child’s due date.

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The payments mirror those provided to millions of American families in 2021 under President Joe Biden’s American Rescue Plan. That plan provided payments of up to $300 per month per child from July through December of last year with the remainder payable through a tax credit this year. Congress failed to continue those payments past December and efforts for additional stimulus have failed to gain traction among lawmakers.

In a statement, Romney said his act “creates a new national commitment to American families by modernizing and streamlining antiquated federal policies.”

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“If enacted, low-income families would no longer have to choose between a bigger paycheck or eligibility for support. This plan would immediately lift nearly three million children out of poverty, while providing a bridge to the middle class – without adding a dime to the federal deficit,” Romney said.

Work requirements: One big – and possibly controversial – element of Romney’s plan is the inclusion of work requirements for payment recipients.

Details on the exact requirements weren’t included in the plan but a common threshold for state-level benefits is 80 hours of work a month or a comparable amount of job training or volunteer work, NBC News reported.

Romney’s staff said the legislation, which has not been formally introduced, is subject to negotiation and is not finalized.