1. Short title This Act may be cited as the Reinvestment to Ensure a Livable Income for Every Family Act of 2020 or the RELIEF Act of 2020 . 2. Sense of Congress It is the sense of Congress that— (1) COVID–19 has contributed to major disruptions to the United States society and economy, putting the health and financial well-being of many Americans at risk; (2) direct economic stimulus such as advanced refundable tax credits, referred to as universal emergency rebates in this Act, can help bring much needed relief to people who need short-term payments now in order to get by during this crisis; (3) these direct payments should supplement the immediate, substantial expansion of existing social insurance programs including but not limited to unemployment insurance, supplemental nutrition assistance program, Medicaid, as well as relief for small businesses and other emergency economic measures; (4) as soon as possible and not later than two weeks after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Commissioner of the Social Security Administration and the Commissioner of the Internal Revenue Service, must establish a program for sending direct emergency rebates, in the form of electronic and paper payments, on a monthly basis, for every individual residing in the United States and its territories; (5) every qualifying adult over the age of 18 would receive $1,000 and every qualifying dependent child under the age of 18 would receive $500; (6) only the top 1 percent of income earners would have post taxes on these benefits in the next filing season and the rest of Americans would not face any tax penalties or extra costs, and so would be held harmless for any overpayments or other delivery errors