March 11, 2021

The American Rescue Plan Act of 2021


On March 11, 2021, President Joe Biden signed the “American Rescue Plan Act of 2021” (the “Act”) into law. The Act provides $1.9 trillion in funding, program changes, and tax policies aimed at mitigating the continuing effects of the COVID-19 pandemic.

Unlike past COVID-related stimulus packages, the Act focuses particularly on funding state and local governments, schools, and individuals, though it also contains relief for private companies, especially small businesses.

A link to the full legislative text can be found here; key portions of the Act are summarized in our Milbank Insights.