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February 10, 2021
2021-0305

House Education & Labor Committee approves $357 billion in Reconciliation Bill provisions, including minimum wage increase

Bill Includes Enhanced ACA & COBRA Subsidies, Aid to Reopen K-12 Schools and Support Colleges; Funds for Child Care Providers, Pandemic Food Benefits, Heating Assistance, Senior Care

After a 13-hour markup session that ended after 4 a.m. Wednesday morning (February 10), the House Education and Labor Committee approved, by a party-line vote of 27-21, the committee's $357.9 billion piece of the reconciliation directives from S. Con. Res. 5, the fiscal 2021 concurrent budget resolution. The committee's provisions, all intended to provide additional economic stimulus and relief in the wake of the coronavirus pandemic, include an increase in the federal minimum wage to $15 (phased in over five years); enhanced access to Affordable Care Act (ACA) and COBRA subsidies for laid-off workers; $130 billion to aid in the reopening of K-12 schools; $40 billion for higher-education institutions; $39 billion in child care block grants; and many other provisions.

House committees are moving quickly to process the different elements of the budget reconciliation legislation as Democrats push to send a bill to President Biden's desk by mid-March.

The full text of this Alert is attached below. Also attached with this Alert is the text of Chairman Bobby Scott's (D-VA) substitute amendment to the legislative text released earlier this week, as well as PDFs of a short summary and a longer section-by-section summary prepared by the majority staff.

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Contact Information
For additional information concerning this Alert, please contact:
 
Washington Council Ernst & Young
   •  Any member of the group at (202) 293-7474.

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ATTACHMENTS

Full text of Tax Alert

FY21 Budget Reconciliation Bill

FY21 Budget Reconciliation Section by Section

Scott Substitute Amendment

 

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