President Joe Biden signed the $1,9 trillion Covid relief package into law on Thursday, in a bid to help the country defeat the coronavirus and nurse the economy back to health.
The legislation, dubbed the American Rescue Plan, amounts to one of the largest economic rescue plans in US history.
“This historic legislation is about rebuilding the backbone of this country and giving people in this nation, working people, middle-class folks, people who built the country, a fighting chance,” the President said before signing the bill in the Oval Office.
“In the weeks that this bill has been discussed and debated it’s clear that an overwhelming percentage of the American people — Democrats, Independents, our Republican friends — have made it clear… they strongly support the American Rescue Plan.”
“Yesterday, with final passage of the plan in the House of Representatives, their voices were heard. That’s what the essence of it is,” the President continued.
Biden initially planned to sign the legislation on Friday, but it arrived at the White House on Wednesday night.
“@POTUS is signing it today — we want to move as fast as possible,” White House chief of staff Ron Klain wrote on Twitter.
“We will hold our celebration of the signing on Friday, as planned, with Congressional leaders!”
White House press secretary Jen Psaki said that the IRS and the Treasury Department are in the process of getting the stimulus funds to the American people “as fast as possible.”
“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend,” she said.
Earlier, Psaki announced the President’s decision to sign the bill earlier than expected.
“Because Congress enrolled the bill more quickly than we anticipated, the President will sign the American Rescue Plan into law today within the hour. @VP will join him in the oval. And tomorrow they will holding [sic] a signing event here @WhiteHouse,” Psaki announced on Twitter.