H.R. 6321
Referred to CommitteeFinancial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
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Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
3/23/2020 • House
Summary
Financial Protections and Assistance for America's Consumers, States, Businesses, and Vulnerable Populations Act
This bill responds to the COVID-19 (i.e., coronavirus disease 2019) emergency and generally provides for financial assistance and other aid to individuals, businesses, and state and local governments for the duration of the emergency period. Among other things, the bill
- provides direct payments to individuals of up to $2,000 a month, subject to limits based on adjusted gross income;
- establishes digital wallets for individuals without bank accounts to receive such payments;
- provides for the suspension of specified housing and consumer loan payments, evictions, and foreclosures;
- creates financial assistance programs regarding housing, student loans, and utilities;
- establishes credit programs for small businesses, nonprofit organizations, farms, independent contractors, minority depository institutions, and community development financial institutions;
- authorizes funds for housing assistance, elderly assistance, and emergency production of medical supplies; and
- provides for investigation, oversight, and other requirements regarding COVID-19 aid.
The bill also modifies existing provisions, including those regarding
- deposit insurance for transaction accounts,
- Federal Reserve Board purchases of municipal bonds,
- stock buybacks,
- required disclosures by issuers of securities,
- international aid programs, and
- agency guidance concerning pandemics and major disasters.
Introduced in House • 3/23/2020
Topics & Subjects
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Bill Journey
Originated in the House
Introduced
March 23, 2020
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Committee Review
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President
Enacted into Law
Text Versions (1)
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