Treasury Department Secretary Francisco Parés Alicea has reported that in the face of President Joe Biden’s signing of the $ 1,400 stimulus package, the agency has already submitted the draft plan of distribution before the IRS.
His announcement comes within an hour of Biden signing and turning the “United States Rescue Plan” into law.
“Having become law the new federal economic stimulus package, and in the face of the so-called sense of urgency by the @ GovPierluisi, we have already submitted to the @IRSnews the draft Distribution Plan of ‘the $ 1,400 grant program,’ ‘Parés Alicea wrote.
The total value to be paid by the Treasury to the citizens is $ 3.5 billion.
“This morning I told them we were going to deliver a draft of a Distribution Plan immediately the same would become law,” the secretary continued.
Earlier, Parés Alicea abounded that Treasury would begin distributing the money in the next 3 to 4 weeks, “in which the IRS approves the plan for us.”
#RapidResponse | Having become law the new federal economic stimulus package, and in the face of the so-called sense of urgency by the @GovPierluisi, We already submitted to the @IRSnews the draft of the $ 1,400 Grant Program Distribution Plan.
$ 3.5 trillion
– Francisco Parés Alicea (@SecHacienda) March 11, 2021
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