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H.R. 6934 · 116th Congress

Uniform Treatment of NRSROs Act

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

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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 116th Congress ended.

MDD DeanSponsor
27 cosponsors · 15 D, 12 R
  1. House Introduced May 19, 2020
  2. House Passed Sep 21, 2020

This bill provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with the Securities and Exchange Commission.

What it does: CRS summary · Passed House · Sep 21, 2020

Uniform Treatment of NRSROs Act

This bill provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with the Securities and Exchange Commission. This allows entities, securities, and other instruments with a credit rating from such an organization to use the rating to qualify for these aid programs.

Furthermore, the Government Accountability Office must report on credit rating quality across organizations, their effect on access to capital markets, and the implementation of this bill.

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

About this bill and sources

Official title: Uniform Treatment of NRSROs Act

Latest action (Sep 22, 2020): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Policy area: Finance and Financial Sector · Origin: House · Introduced: May 19, 2020

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

  1. House Introduced May 19, 2020
  2. House Passed Sep 21, 2020

No recorded floor vote found.