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
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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 👉 http://bit.ly/Creditbrian

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29 thoughts on “New ($2000) + $1000 per month stimulus debit card act”
  1. Avataaar/Circle Created with python_avatars Sharon Baker says:

    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

  2. Avataaar/Circle Created with python_avatars Sharon Baker says:

    As I'm going to get the 7 steps second stimulus check disability SSI disability what 2000 per month

  3. Avataaar/Circle Created with python_avatars Love Jesus says:

    💰“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.

  4. Avataaar/Circle Created with python_avatars Ravens champs says:

    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

  5. Avataaar/Circle Created with python_avatars Emmy R says:

    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.

  6. Avataaar/Circle Created with python_avatars TY Hughes says:

    I still haven't received my stimulus check or heard anything at all

  7. Avataaar/Circle Created with python_avatars Daniel says:

    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

  8. Avataaar/Circle Created with python_avatars vigilantpositivity says:

    "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

  9. Avataaar/Circle Created with python_avatars Alfredo Mio says:

    How about $1000 initial payment and $500.00 a month for 12 months??

  10. Avataaar/Circle Created with python_avatars Joyce Vance says:

    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.

  11. Avataaar/Circle Created with python_avatars Jack Mack says:

    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!

  12. Avataaar/Circle Created with python_avatars John Wagner says:

    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! 😆

  13. Avataaar/Circle Created with python_avatars Lorraine Barclay says:

    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.

  14. Avataaar/Circle Created with python_avatars Haynes Robert says:

    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.

  15. Avataaar/Circle Created with python_avatars bjosf bjosf says:

    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.

  16. Avataaar/Circle Created with python_avatars Jennifer Rodriguez says:

    You have me dead with the fact you don’t want a 100k subs yet because you want to celebrate with your friends 😂

  17. Avataaar/Circle Created with python_avatars Shred Red1 says:

    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!💯

  18. Avataaar/Circle Created with python_avatars Jacky says:

    no stimulus check
    no unemployment payment
    no job
    no source of income

    going to be starving very soon. god bless america

  19. Avataaar/Circle Created with python_avatars Isaac Alvarez says:

    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?

  20. Avataaar/Circle Created with python_avatars jeffrey martino says:

    Its. Not necessary to have a card. Direct deposit is effective.

  21. Avataaar/Circle Created with python_avatars jeffrey martino says:

    Sounds like the mark of the beast. Give money away. If you don't work you shouldn't get a dime .

  22. Avataaar/Circle Created with python_avatars ITILII says:

    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$ter$

  23. Avataaar/Circle Created with python_avatars F.E.A.RDREAMTEAM says:

    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

  24. Avataaar/Circle Created with python_avatars Anton Bily says:

    I’m subscribed even though told me not too I need your video notifications

  25. Avataaar/Circle Created with python_avatars Brendan Doherty says:

    Forget a Stimulus Check, they need to give a rental subsidy. $1200 would cover everyone's rent and living expenses. However, if you live in NYC, that won't even cover an entire month's rent. Thank god for savings. But still.

  26. Avataaar/Circle Created with python_avatars Hayden Paul Mok says:

    Heads up to all . There will not be a second stimulus check. These MFs youtubers just trying to get all of you to subscribe to them and get video hits. YouTube scammers

  27. Avataaar/Circle Created with python_avatars Shawn Newton says:

    First time I ever heard a page say please don’t subscribe. Caught me off guard 😂

  28. Avataaar/Circle Created with python_avatars Monique Reese says:

    They should do direct deposit on file like the first stimulus. People are worried about people stealing the debt cards from the mail boxes???

  29. Avataaar/Circle Created with python_avatars restfulsole7 says:

    No child or 16 year will get stimulus checks. $500 per child.

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