Lexology May 10, 2021
On April 28, 2021, President Biden gave his first address to Congress and announced the American Families Plan (AFP or the Act). The AFP follows the 1.9 trillion-dollar stimulus, the American Rescue Plan Act, signed into law on March 11, 2021. The AFP seeks to invest approximately 1.8 trillion dollars in various issues facing families, including childcare, pre-school, paid family leave, Affordable Care Act (ACA) premium tax cuts, nutrition support, and free community college. According to the White House’s Fact Sheet on the AFP (Fact Sheet), the AFP “is an investment in our children and our families—helping families cover the basic expenses that so many struggle with now, lowering health insurance premiums, and continuing the American Rescue Plan’s historic reductions...
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