Emergency Money for the People Act
This bill directs the Department of the Treasury to make monthly payments during a specified 12-month period to certain citizens and noncitizens of the United States and their dependent children. The amount of such payments shall be $2,000 each month ($4,000 for married couples filing joint returns) and additional amounts for their dependent children. The monthly amount shall be phased out for individuals whose adjusted gross income exceeds $130,000 ($260,000 for joint return filers). The payments must begin within 14 days of the enactment of this bill.
The bill allows such monthly payments for individuals who are not U.S. citizens or residents, but have been physically present in the United States continuously since January 27, 2020 (the effective date of the public health emergency resulting from the COVID-19 [i.e. coronavirus disease 2019] pandemic), and continue to be physically present in the United States throughout the duration of the payment period.
If Treasury does not have sufficient tax return information to make payments to an eligible individual, it shall consult with the Department of Veteran Affairs and the Social Security Administration and any agency making pension or annuity payments to such individual.