The distribution of economic impact payments, often referred to as stimulus checks, is a function of Congressional legislation and Presidential approval. These payments are generally issued during times of economic hardship to provide financial assistance to individuals and families. Past instances have seen such checks distributed following specific legislative actions aimed at stimulating the economy.
The importance of economic impact payments lies in their potential to bolster consumer spending and provide direct relief to households facing financial strain. Historically, these payments have been implemented in response to recessions or other economic downturns, with the aim of increasing demand and supporting businesses. The effectiveness of such measures is often debated, with varying perspectives on their long-term economic impact and their role in government fiscal policy.