American Rescue Plan: Treasury’s Progress and Impact After Six Months

The U.S. Department of the Treasury released a new report on the first six months of the department’s implementation of the American Rescue Plan. Since the American Rescue Plan was signed by President Biden, the Treasury Department has disbursed approximately $700 billion of the $1 trillion in programs administered by Treasury. This includes over $450 … Read more

Montgomery City and County Officials Meet to Discuss Plans for American Rescue Plan Act Aid

By Ja Nai Wright via Alabama News Network (WAKA) The American Rescue Plan Act has awarded the city of Montgomery, $44 million  and Montgomery county $41 million. Officials from the city and county are trying to work together to determine how the funds should be spent to better the community. With the help of two … Read more

U.S. Department of Treasury Releases Fact Sheet on Coronavirus State and Local Fiscal Recovery Funds

The U.S. Department of the Treasury (Treasury) announced the launch of the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion in emergency funding for eligible state, local, territorial, and Tribal governments. Treasury released details on how these funds can be used to respond … Read more

U.S. Department of Treasury Releases Interim Final Rule

The U.S. Department of Treasury issued an Interim Final Rule on the implementation of the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act of 2021. The guidelines within the Rule shape the expenditure parameters for state and local governments as they determine how to … Read more

American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines

WASHINGTON — The Treasury Department and the Internal Revenue Service announced today further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations. Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive … Read more