Third Stimulus Check Update: Nancy Pelosi Reveals Timeline For $1,400 Payments

Nancy Pelosi has revealed a timeline for Democrats’ COVID-19 relief bill, intending to get it passed through the House before next week is out. They aim to finish compiling the bill for introduction by Monday, with the hope of signing it into law before federal benefits wear out on March 14, CNBC reports.

Democrats will use reconciliation, a budgetary measure that lowers the passage threshold from 60 to 50 by avoiding Senate filibusters. Without having to rely on Republican support, liberals have been free to go big.

The finished bill will include a third round of $1,400 checks, $3,600 per child over the course of a year, a $15 minimum wage, $350 billion for state and local governments, $20 billion for vaccination efforts and $170 billion to reopen schools.

The increase in the minimum wage and aid to regional governments were sticking points during negotiations with Republicans. A $15 minimum wage may not be able to be included in the reconciliation process, dependant on a ruling from the Senate parliamentarian.

"We wrote up the bill within that framework within different committees of jurisdiction, honoring their amounts and then that now has gone to the Budget Committee, which will consolidate all of that, make sure that it is, again, in keeping with what reconciliation allows and that will then go to the Rules committee for us to vote on sometime at the end of next week is my hope," Pelosi told CNN.

If approved, it would pass to the Senate for approval. Should the Senate pass its own bill in the meantime, the House would be forced to reconvene to discuss the proposition.

Biden also unveiled his proposal for immigration reform Thursday, detailing two new paths to citizenship for undocumented immigrants along with a series of other overhauls.