Second Stimulus Check Update | NEW Stimulus Details Released (unemployment)

Welcome back to your second stimulus check update for September 9, 2020.

0:00 Intro
0:20 Senate Republican Skinny Bill
0:46 Unemployment Benefit Update
2:00 Paycheck Protection Program Round 2
3:22 Liability Protection Update
4:39 Mortgage forbearance update

Safe to Work Act has just been proposed by Senate Republicans which totals $300 Billion. The unemployment benefit of $300/week will be increased ON TOP of the FEMA funded unemployment signed by President Trump. Now, if this unemployment benefit is passed, it will backdate payments going back to the expiration of the cares act unemployment. So that means that the unemployment payments will be back paid from August until the end of the year in addition to the FEMA unemployment benefit. So for 5-6 weeks, the unemployment benefit will be back at $600/week once the FEMA unemployment expires, it will be $300/week until the end of the year.

Paycheck Protection Program Round 2
The PPP loan was made for businesses that lost a big amount of revenue, and potentially the ppp loan forgiveness could be applied. In this second stimulus check update, the ppp loan has been extended for businesses that have lost because of rioting. And the ppp loan will cover the expenses for sanitization for your place of business. ALSO the ppp loan forgiveness will be streamlined in order to make the ppp loan forgiveness easier.

Liability Protection Update:
New updates if you want to sue your employer if you contracted COVID-19 at your place of work. You must know every location and know each person you interacted with, in 14 days of onset symptoms.

Second Stimulus Check Update:
There is no indication in this bill for a second stimulus check. My speculation is that it will be within the larger stimulus package that the senate will be voting on before the end of the session. Congress and President Trump agree that there needs to be a second stimulus check for the American people. Many reports recently point towards how the stimulus check has increased revenue during the pandemic. So a second stimulus check will be very helpful to American families that may be in dire need of a second stimulus check. But we will have to see if Congress & President Trump can come to an agreement for a second stimulus check.

This has been your second stimulus check update! Thanks for watching
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