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Last week Congress passed the $1.9 trillion American Rescue Plan (ARP) Act of 2021 and it was signed into law on Friday. The ARP also extends some of the Consolidated Appropriations Act, 2021 (CAA) provisions that were signed into law on December 27, 2020. Below are provisions that will impact employers.
The law adds to the Paycheck Protection Program and has provisions for gig economy workers. HR should discuss these provisions with legal counsel to see what impact it has on their operations and employee group, if any.
Sources: Littler 3/8/21, Savingtoinvest.com 3/6/21, Patriot News 3/6/21, Wall Street Journal 3/10/21, Politico 3/10/21