Insights | Employee Benefits

Congress Passes a Second COVID-19-Related Stimulus Package

Congress has overwhelmingly passed a second COVID-19 stimulus package – the COVID-Related Tax Relief Act of 2020 (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR), both part of the Consolidated Appropriations Act, 2021 (CAA, 2021). It has been reported that President Trump is expected to sign the bill in the coming days. The new stimulus package includes several employee benefits-related provisions relevant to health and welfare plans.