House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said the American Rescue Plan, as it is known, will be a game-changer for lower- and middle-class Americans.
"This is the most consequential legislation that many of us will ever be a party to," Pelosi said. "Who knows what the future may bring, but nonetheless on this day we celebrate."
This is Biden's first legislative success as president.
"This bill represents a historic, historic victory for the American people," Biden said. "I look forward to signing it later this week."
The legislation will assist most Americans, providing up to $1,400 stimulus checks to those making $80,000 a year or less. It also extends unemployment benefits through Labor Day. It gives billions of dollars for vaccines and treatments, money to schools, states, local governments, and the airline industry. Supporters say needy children will also benefit.
Get breaking news alerts in the FOX 5 NY News app. Download for FREE!
"It would benefit 27 million more children, including 3 million more children here in New York state," Torres said. "The South Bronx, which I represent, is the poorest congressional district in America. There is no policy that would do more to lift the South Bronx out of poverty than an expansion of the child tax credit."
The bill passed in the House without any Republican support. Republicans called it a "liberal wish list" that sends money to projects not directly tied to the pandemic.
"Most of this bill has nothing to do with COVID itself," Sen. Mike Lee, R-Utah, said. "It's just a big gift from the Democratic majorities in both houses."