Here are the key insurance-related legislative updates from across the U.S. for first-quarter 2021. (Photo: Shutterstock)
Editor's Note: Here, we publish a round-up of key insurance-related legislation from the past three months. This is not an exhaustive listing.
National updates
The American Rescue Plan Act of 2021 passed on March 11. The $1.9 trillion stimulus package provided payments of $1,400 to taxpayers earning up to $75,000 individually, heads of household earning up to $112,500, or $150,000 per couple; a $400 (up from $300) per week unemployment supplement through Aug. 29; $25 billion for rental assistance; $170 billion for K-12 schools and higher education institutions to cover reopening costs and aid to students; and an increase to the child tax credit to $3,000 per child ($3,600 per child under age 6) and allows 17-year-old children to qualify.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
