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H.R. 6515 · 116th Congress

Rent and Mortgage Cancellation Act of 2020

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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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.

This bill provides housing assistance during the COVID-19 (i.e., coronavirus disease 2019) public health emergency.

What it does: CRS summary · Introduced in House · Apr 17, 2020

Rent and Mortgage Cancellation Act of 2020

This bill provides housing assistance during the COVID-19 (i.e., coronavirus disease 2019) public health emergency.

Specifically, the bill suspends rental and mortgage payments for primary residences for a period lasting until 30 days after the termination of the federal emergency declaration relating to COVID-19. The Department of Housing and Urban Development (HUD) must establish funds to reimburse lessors and lenders for payments suspended under the bill.

In addition, HUD must establish an Affordable Housing Acquisition Fund to support the acquisition of multifamily housing projects by nonprofit organizations, public housing agencies, cooperative housing associations, community land trusts, and state and local governments. For a five-year period, entities that are approved for such assistance shall be provided the first right of purchase with respect to such projects.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Rent and Mortgage Cancellation Act of 2020

Latest action (Apr 17, 2020): Referred to the House Committee on Financial Services.

Policy area: Housing and Community Development · Origin: House · Introduced: Apr 17, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.