The House passed in May a $3 trillion aid that included a $1 trillion budget to help state and local governments cushion the impact of the coronavirus pandemic in its respective economic activities.

It was the HEROES Act that the Democrats created to bring relief to the adverse effects of the COVID-19 pandemic on businesses and jobs. The Republican then proposed HEALS Act, an economic stimulus bill to supplement the earlier CARES Act.

Now, the Democratic and White House negotiators are still working on an agreement on the second stimulus check, with a deadline in mind of August 7.

On Tuesday, Treasury Secretary Steven Mnuchin said the two parties are still trying to reach a deal if they can get one by the end of this week. He said if the two parties could agree, the second stimulus check could be released much quicker this time. 

On August 2, Mnuchin noted that he could have them out immediately. "If I could get [the new stimulus bill] passed tomorrow, I could start printing them the following week," Mnuchin said in a CNET report. 

He added that if negotiators agreed by Friday, the Congress could pass the second stimulus checks by next week. 

How Soon Could the Second Stimulus Check Be Given?

There are several dates of when would be the second stimulus checks could be released depending on the likelihood of the House and Senate reaching an agreement on the second stimulus checks.

It could be passed by August 7 or by August 10 if the House and Senate choose to extend their current session length. After both the House and Senate have approved the bill, Mnuchin promised to send the checks a week later, a forecast of a possible date of when would the second stimulus check would be released.

The CNET reported that if the Senate passes the package on August 10, and the president signs it by August 12, the first checks could be released the week of August 17. But if the Senate passes the bill on September 8, with the president's signature on September 10 or September 11, then the second round of stimulus check could be sent the week of September 21. 

Are You First in Line?

The Internal Revenue Service (IRS) would likely use the same calculations and tools for sending out the second stimulus check as it did during the first one. It includes the "IRS Get My Payment" tool, which tracks your stimulus check payment and signs up for a direct deposit.

The IRS sent the first batch of stimulus checks to people who had filed 2018 and 2019 tax returns. Those who provided the IRS with their direct deposit information received the first batch of stimulus checks.

With this, people registered for direct deposit, either as part of their 2019 tax filling or before they could first get the second stimulus check. People who had not signed up for direct deposit did not start getting mailed out paper checks until about a week later.  

Why Is Your Stimulus Check Late?

Your stimulus check might be late due to changes of aid for dependents that rely on which version of the bill passes.

The CARES Act allocated $500 for dependents under age 16. The HEALS Act also allotted $500 for dependents of any age. On the HEROES Act, it proposes a $1,200 for a maximum of three dependents.

Your banking status could also affect when you would receive your second stimulus check, especially for people who did not submit direct deposit information to the IRS. 

Check these out:

IRS to Resolve Stimulus Check Errors for Qualified Recipients

Here's What to Do If You Missed Your First Stimulus Check

Is a 2nd Stimulus Check Far from Reality? Senate Bares Update