NOTE: This is part three of a multi-part series on the federal HEROES Act, which Congressman Michael San Nicolas co-sponsored in the U.S. House of Representatives. Mr. San Nicolas rolled out breaking news on the legislation, which provides billions in funding and relief to Guam alone.
By Troy Torres
(Tumon, Guam) If the federal HEROES Act becomes law, Congress will authorize and fund a second round of economic impact payments (EIP). These are the $1,200, $2,400, and $500 cash payments to qualified single filers, joint filers, and dependent children from the federal government.
This second round would allow the claiming of the $500 for EIP for children up to the age of 24, if they are in college, or up to the age of 18, if they're not in college.
The current EIP claim guidelines allow the $500 claim for children up to the age of 16.
The measure is expected to pass the U.S. House of Representatives this week before running into some trouble in the Senate.
Guam Congressman Michael San Nicolas is a co-author of the legislation, also known as House Resolution 6800. He unveiled the resolution's main points in a news conference Wednesday and then spent more than an hour with Kandit providing more details.