Second Stimulus Check Update: President Trump Executive Order EXPLAINED Welcome back to your second stimulus check news update for August 10, 2020. I released a video yesterday detailing and breaking down President Trump's executive orders which were: The Payroll Tax Deferment, Eviction Moratorium, Unemployment Check of $400/week, and an extension of Student Loan Deferment for payments & interest. Link to video: Second Stimulus Check Update: TRUMP Signs Executive Order (Explained) https://youtu.be/-EMA6yAJyY0 So can President Trump actually sign an executive order when it comes to anything dealing with funding of government sponsored programs? How can President Trump write a check for unemployment benefits, if he doesn't have the checkbook for the US Government? Remember, only CONGRESS can pass any provision related to financing of government programs. So President Trump does NOT have the power to control the US Treasury. President Trump will be utilizing funds from FEMA, the Federal Emergency Management Agency, a government based organization for natural disasters and other national emergencies. Now within the memorandum for the second stimulus check, President Trump calls upon FEMA and state governments to use funds to help these programs out. On March 13, 2020, President Trump declared a State Of Emergency because of the pandemic & FEMA is the federal agency that handles national emergencies. So President Trump is trying to use that loophole to fund the executive order programs to help with those effected by the pandemic. President Trump plans to use federal funding to pay unemployment benefits but is asking states to cover at least 25% of the cost. There was $150 Billion dollars allocated to the CRF (Coronavirus Relief Fund) was passed during the CARES Act. Basically, President Trump is calling on States to dive into the CRF fund to help fund the $100/week unemployment benefit, what President Trump is asking of the state governments (25%). Assistance Program for Lost Wages: If a State is experiencing severe lost wages, the Governor, can request from FEMA a grant to cover the lost wages or provide some kind of assistance to the citizens. Executive Order: https://www.whitehouse.gov/presidential-actions/executive-order-fighting-spread-covid-19-providing-assistance-renters-homeowners/ Memorandum: https://www.whitehouse.gov/presidential-actions/memorandum-authorizing-needs-assistance-program-major-disaster-declarations-related-coronavirus-disease-2019/ 😃 Thanks for Subscribing & Liking our Video! The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom) 📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/thekwakbrothers ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 📡 PROTECT YOUR ONLINE DATA AND ACTIVITY WHILE CLOSING DEALS AND GENERATING NEW LEADS WITH NORDVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=40858 🔊 Our Podcast Channels: 📻First Deal Experience: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📻Landlording Automated: 🔹Spotify: https://open.spotify.com/show/1LTAeRg2ZAT1ATI1mdtWM0 🔹iTunes: https://podcasts.apple.com/us/podcast/landlording-automated-podcast/id1504548975 GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #presidenttrump #stimulus #executiveorder ======================== ---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.