Second Stimulus Check Update | July 31, 2020

Second Stimulus Check Update | July 31, 2020

Second Stimulus Check Update | July 31, 2020

Just yesterday, White House officials have confirmed that they can pass the HEALS Act WITHOUT the liability protection provision. So the White House is willing to leave the liability protection out of the HEALS Act just to get it passed. When the HEALS Act was introduced, Senator Mitch McConnell said the liability protection provision was a non-negotiable item and now the White House is saying they can do without it currently. This, among other items, have caused a great amount of friction between Republican and Democrat lawmakers, also there is friction within the parties themselves.

Senate Republicans are also attempting to pass a 7-day extension of the unemployment benefit, so there is some overlap after the original unemployment benefit expires. It's a bit of a hail mary throw since the unemployment benefit expires today. However, President Trump says that he would like to see that number MUCH higher for the bill to pass.

The Senate has agreed to talk about the HEROS Act once again. The Senate is willing to sit back down and talk about the HEROS Act moving forward. Now my take on the matter is that if the HEALS Act is having a hard time getting the details ironed out, how will the HEROS Act? President Trump stated in the past that the HEROS Act is dead on arrival.

There is some issues that the President is willing to take a look at, including the eviction moratorium, being a real estate guy himself, President Trump I believe understands the implications of a eviction moratorium expiring in the current economic climate!

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
Second Stimulus Check Update | July 31, 2020 backup