H.R. 6321 · 116th Congress
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations…
Full title
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WatersSponsorNo cosponsors.
Financial Protections and Assistance for America's Consumers, States, Businesses, and Vulnerable Populations Act
What it does: CRS summary · Introduced in House · Mar 23, 2020
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Latest action (Mar 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.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 23, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.