The American Rescue Plan Act- What's the Impact? Brought to you by our friends at Homework Solutions. The American Rescue Plan Act of 2021 was signed into law on March 11, 2021, offering much needed financial relief to employers and employees alike. This $1.9 Trillion bill is intended to address the financial impact of COVID-19 by offering unemployment benefits, expanding tax credits, and addressing some outstanding tax questions from relief bills passed in the year since the pandemic began. Here we take a look at sections of this bill which are most likely to impact household employers as well as the caregivers and domestic workers who keep so many households running smoothly.