The ABC Act also known as the Automatic Boost Community Act where it gives US citizens $2000 and then $1000 per month on a pre-paid debit card is in the works. What is this act exactly and will this actually pass?
#AbcAct #Stimulus #StimulusUpdate
——————
Stocks:
▪ 2 Free Stocks Webull (Valued up to $1400) 👉
▪ 1 Free Slice of Stock
More Free Stuff:
▪ Ebates: Free Cash Back ($10.00 Referral Link) 👉
▪ Crypto.com $50 Free Crypto 👉
Bank Accounts:
▪ Earn $50 With Chime👉
▪ CIT High Yield Savings Account 👉
Ikonick: “No Limits” Background Canvas 👉 Go to and use JUNG15 at checkout!
In response to the pandemic and economic fallout, the US government is trying to provide economic relief to its citizens through direct cash payments.
a. The pre-paid cards would be distributed as U.S. Debit Cards and would be administered by the U.S. Treasury’s Bureau of the Fiscal Service.
b. These pre-paid digital cash cards could be used to withdraw physical currency at regular ATMs or FDIC-insured banks or credit unions or make payments at Point-of-Sale terminals, as well as online. In addition, these cards could be topped-up with additional funds as needed, during and after the crisis.
c. All cardholder and interchange fees associated with use of distributed cards would be waived for the duration of the Coronavirus crisis.
d. The program would establish a common database of recipients identified by name and/or, where available, Employer Identification Numbers (EINs). Identifying information would not be shared with any other federal, state, or local agency, or any (sic)
e. Any individual who receives, activates, and uses more than the maximum number of cards authorized for themselves and their dependents, either as a result of fraud or administrative error, would have excess funds reclaimed in the future via appropriate mechanisms (i.e., tax refund deduction).
Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which Brian Jung will earn an affiliate commission or referral bonus.
Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
📷 Instagram @creditbrian 👉
42 comments
Most 16 year olds act older then they are and can manage their money smartly but those who can't I honestly think their parents should handle their cards just saying
Seems that our good friends, the banks, who of course are there to help you out financially (ya right) would push for direct deposit. Those without bank accounts would have to open one up, which means ever more business for those public spirited helpful bank$ter$
This is about big people not the little people???
Appreciate your optimism. 💯👍🏼
Sounds like the mark of the beast. Give money away. If you don't work you shouldn't get a dime .
Its. Not necessary to have a card. Direct deposit is effective.
Im just going to be clicking on his new videos once they come out bc i feel like hes just pumping out vids to keep on getting his Youtube money. Just the other youtubers who are making repetative videos with Different Titles. I dislike their vids too, i will be unsubscribing. Who agrees?
no stimulus check
no unemployment payment
no job
no source of income
going to be starving very soon. god bless america
Yes people really need help for food living
referal code for 50 $ bonus: uwgzt5sydn
Preparing americans for full blown scocialism
Fuk #2 weres the first stimulus
You talk too much
I don't see that happening! Would be great but not likely to happen! Cost of living/inflation would also be raised to the 🌙 moon!💯
Fed coin cryptocurrency
Money is actually made from a cloth not paper dude
You have me dead with the fact you don’t want a 100k subs yet because you want to celebrate with your friends 😂
OMG what a pain it was to get any useful info from this video. So this bill with 1 K a month debit cards… when is this being voted on?. What chances does it have in passing or is it one of those pie in the sky bills that will never see the light of day in the Senate? Your insufferable, annoying, doofy ramblings made vow to never watch one of your videos again. Also, who can take a kid giving you financial advice who can't even pronounce the word fiscal.
So don't be annoyed or bored for the person motives, if he is determined to use his goals rather than facing his failure he is capable to move on.
That's great Brian , good idea.Send own pre-paid debt.card.1,000 then next 2,000 is great.
Well done to hear or approve.Brain.
Inflation….. What did we notice when the 1st stimulus payments started going out, gas prices went up! I totally agree with you on your veiw of if we get the 2gs a month thing. Everyone is going to have all this money and prices on things will absolutely go up. But, fine with me. Gimmie my money! 😆
Good video. I could not agree with your more about not giving this to Billy Bob & his $125k or teenagers getting the full amount. Reduced, dependants should get the $500. That and I think that they can work out the kinks of direct deposit. Save the money that would go to print cards that don't need to be made. Waive ALL fees on all direct deposit accounts during this program. Otherwise, I'm in.
Also, if everyone is expecting a card in the mail, theft would go through the roof. Porch pirates? ×10000!
Thank you….
We need more help! 1200$ stimulus is not enough 😡😰😰😰
I GET SSI DIRECT DEPOSIT THE 1ST BUT NO STIMULUS AND TODAY IS THE 4TH. I DON'T FILE TAXES AND NO DEPENDENCE. WHAT APP DO I GO TO TO FIND OUT WHAT IS GOING ON. I WENT GET MY MONEY. ALL I GET IS I MAY NOT HAVE ENOUGH INFORMATION, THEY HAVE EVERYTHING. PLEASE HELP.
Yeah but when? That $1200 is long gone.
I like derict deposit its more safe and faster for me
Yes great for American we need it
How about $1000 initial payment and $500.00 a month for 12 months??
"Give the Gov a little bit of credit… applause.. it doesn't make sense but"…. spoken like a clueless liberal who's smart enough to know better… redundancy x2 equals say goodbye to humanity
Rather direct deposit. Because they day they are sent out thief will be everywhere waiting for them :/ especially while essentially workwrs will be away like myself. So its a garbage idea to have a debit card out
I still haven't received my stimulus check or heard anything at all
Just wondering.. do you post where you find your info? ☺️
I’ve seen some article that everyone in the household gets a debit card no matter the age?
I mean.. if it passes.
Fortnite kids are gonna be balling with V-bucks!!!
Can u look in to the unemployment lots of people are receiving thousands in there cards and people are still working and still getting money
💰“They print money everyday” Probably still have money storage somewhere. A big chunk of it! And I think it's more money in this world, than lots of people. That's a lot of damn money.
Do They Come With A Pin Number
As I'm going to get the 7 steps second stimulus check disability SSI disability what 2000 per month
And now is I'm going to get a debit card to put the money in they going to put the money on debit card
Right
When is the people getting that
Yes we need 2000 or more and we need direct deposit