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Thursday, March 28, 2024

Biden Signs $1.9 Trillion Stimulus Bill Into Law

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President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, March 11, 2021, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief to Americans and boost the economy.

The Democratic-led U.S. House of Representatives gave final congressional approval to the measure on Wednesday, handing the Democratic president a major victory in the early months of his term.

“This historic legislation is about rebuilding the backbone of this country,” Biden said before signing.

Biden signed the measure before a prime-time speech he plans later on Thursday to herald the anniversary of the lockdown, urge vigilance as the pandemic rages, and offer hope amid a growing number of vaccinated people across the country.

Biden’s signing of the legislation, called the American Rescue Plan, had initially been scheduled for Friday, but White House chief of staff Ron Klain said it was moved up after it arrived at the White House on Wednesday night.

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