$484 billion: The latest economic stimulus bill just passed in the Senate. And it’s heading for a vote in the House of Representatives.
Small businesses will reap the biggest benefits of the economic stimulus package.
Next up is Phase #4 – America’s $2 trillion infrastructure bill. And new 5G technology will be at the top of the list.
It’s sparking a new 5G gold rush – click here for urgent details.
On Tuesday, the Senate passed a $484 stimulus bill in a voice vote. That means senators did not need to return to Washington to vote.
The bill moves to the House of Representative for a vote today. At least one-half of the 429 members of the House must be in Washington to vote on the bill.
The final bill is expected to provide:
- $310 billion in extra funding for the Paycheck Protection Program
- $75 billion for hospitals and healthcare providers
- $60 billion for Economic Injury Disaster Loans
- $25 billion for expanded COVID-19 testing
The latest economic stimulus bill is being called Phase #3.5.
It builds upon the Phase #3 bill that was passed in late March. That legislation provided a groundbreaking $2.2 trillion in stimulus.
Earlier bills included Phase #1 with $8.3 billion in funding for government agencies tasked with tackling the outbreak. Plus, Phase #2 is expected to cost over $100 billion for paid sick leave and more funding for Medicaid and unemployment insurance.
The U.S. Congress and Federal reserve have now injected $6 trillion to support the U.S. economy.
President Trump is already planning Phase #4. And this could provide an additional $2 trillion in economic stimulus for America’s aging infrastructure.
The president is a huge believer in new 5G wireless technology. And the next bill could include billions to roll out 5G across America in 2020.
That’s why I’m jump into 5G tech stocks right now – before the bill gets passed.
Yours in Health & Wealth,