US HR6321

Bill

Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act

Introduced
03/23/2020

In Committee
03/23/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To provide financial protections and assistance for America's consumers, States, businesses, and vulnerable populations during the COVID-19 emergency and to recover from the emergency. 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.

AI Summary

This bill, the Financial Protections and Assistance for America's Consumers, States, Businesses, and Vulnerable Populations Act, responds to the COVID-19 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. Key provisions include: - Direct payments of up to $2,000 per month to individuals, with income-based limits, including the creation of digital wallets for individuals without bank accounts. - Suspension of tenant rent contributions, a temporary moratorium on evictions, and suspension of certain consumer loan payments. - Emergency rental and homeless assistance, mortgage forbearance, and bankruptcy protections. - Small business loans and loan guarantees, with provisions for loan forgiveness. - Support for minority depository institutions, community development financial institutions, and minority-owned businesses. - Assistance for state, territory, and local governments, including authorization for the Federal Reserve to purchase municipal bonds. - Restrictions on stock buybacks, executive compensation, and lobbying by corporations receiving federal aid. - Increased oversight, disclosure requirements, and regulations related to the pandemic response and financial markets. - Provisions to enhance financial literacy, consumer protections, and pandemic preparedness planning. The bill aims to provide wide-ranging financial relief and economic stabilization measures in response to the COVID-19 crisis.

Committee Categories

Business and Industry

Sponsors (1)

Maxine Waters (D)*,

Last Action

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. (on 03/23/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6321/all-info

(40 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6321/all-info
BillText	https://www.congress.gov/116/bills/hr6321/BILLS-116hr6321ih.pdf
Bill	https://www.congress.gov/116/bills/hr6321/BILLS-116hr6321ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR4029	Tribal Access to Homeless Assistance Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5322	Ensuring Diversity in Community Banking Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR6316	Emergency Relief for Student Borrowers Act of 2020	Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, 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.	Related
HR6319	To establish a Congressional COVID-19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Federal aid related to COVID-19, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6321	Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act	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.	Related
HR6326	COVID-19 Emergency Housing Relief Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6328	Emergency Relief for State, Territorial and Local Governments Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6330	Coronavirus Housing Counseling Support Act	Referred to the House Committee on Financial Services.	Related
HR6331	To require the Board of Governors of the Federal Reserve System to establish a credit facility to provide loans to small businesses, including small family farms, during the COVID-19 emergency.	Referred to the House Committee on Financial Services.	Related
HR6332	Relief for Consumers During COVID–19 Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6333	To establish a Small Business Financial Assistance Program to support small businesses during the COVID-19 emergency, and for other purposes.	Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, 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.	Related
HR6339	To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.	Referred to the House Committee on Financial Services.	Related
HR6340	To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6347	Rental Eviction Moratorium Act of 2020	Referred to the House Committee on the Judiciary.	Related
HR6348	To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.	Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, 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.	Related
HR6350	Financial Literacy Education Commission Emergency Response Act	Referred to the House Committee on Financial Services.	Related
HR6358	To authorize supplemental appropriations for fiscal year 2020 for community development block grants, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6360	To establish requirements on accelerated filers receiving Federal aid related to COVID-19, to establish requirements on all corporations until Federal aid related to COVID-19 is repaid, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6361	Relief for Small Businesses and Nonprofits Act	Referred to the House Committee on Financial Services.	Related
HR6366	To permit, due to the COVID-19 emergency, Federal financial regulators to allow for the temporary waiver of requirements that a State, territory, or local government provide matching or cost-sharing funds before receiving a grant from a Federal financial regulator, to allow for certain reprogramming of funds to support unemployment, childcare, and healthcare programs, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6368	State Housing Relief Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6369	To waive certain requirements with respect to in-person appraisals, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6370	Disaster Protection for Workers’ Credit Act	Referred to the House Committee on Financial Services.	Related
HR6371	To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6373	To increase the amount available under the Defense Production Act of 1950 to respond to the coronavirus epidemic, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6374	Ensuring Affordable Housing Security During the Coronavirus Emergency Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6375	To amend the Securities Exchange Act of 1934 to require issuers to make disclosures related to supply chain disruption risk, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6378	Interagency Pandemic Guidance for Consumers Act	Referred to the Committee on Financial Services, and in addition to the Committee on 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.	Related
HR6379	Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020	Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, 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.	Related
HR6380	To temporarily provide for Federal insurance of transaction accounts during the COVID-19 emergency.	Referred to the House Committee on Financial Services.	Related
HR6381	To require the Board of Governors of the Federal Reserve System to provide zero-interest loans to minority depository institutions and community development financial institutions to combat COVID-19, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6382	Fair Housing Enforcement Emergency Act of 2020	Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.	Related
HR6387	To correct technical omissions relating to international financial cooperation, and for other purposes.	Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.	Related
HR6423	To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.	Referred to the House Committee on Financial Services.	Related
HR6724	Public Health Emergency Shelter Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6760	Fair Housing Further Enforcement Emergency Act of 2020	Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.	Related
HR6778	_______ Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6806	COVID-19 Emergency Housing Relief Act of 2020	Referred to the House Committee on Financial Services.	Related
S2282	Tribal Access to Homeless Assistance Act of 2019	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3508	Disaster Protection for Workers’ Credit Act of 2020	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related

Bill

Bill Name

Last Action

Type

HR4029

Tribal Access to Homeless Assistance Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5322

Ensuring Diversity in Community Banking Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR6316

Emergency Relief for Student Borrowers Act of 2020

Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, 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.

HR6319

To establish a Congressional COVID-19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Federal aid related to COVID-19, and for other purposes.

Referred to the House Committee on Financial Services.

HR6321

Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act

HR6326

COVID-19 Emergency Housing Relief Act of 2020

Referred to the House Committee on Financial Services.

HR6328

Emergency Relief for State, Territorial and Local Governments Act of 2020

Referred to the House Committee on Financial Services.

HR6330

Coronavirus Housing Counseling Support Act

Referred to the House Committee on Financial Services.

HR6331

To require the Board of Governors of the Federal Reserve System to establish a credit facility to provide loans to small businesses, including small family farms, during the COVID-19 emergency.

Referred to the House Committee on Financial Services.

HR6332

Relief for Consumers During COVID–19 Act of 2020

Referred to the House Committee on Financial Services.

HR6333

To establish a Small Business Financial Assistance Program to support small businesses during the COVID-19 emergency, and for other purposes.

Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, 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.

HR6339

To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Referred to the House Committee on Financial Services.

HR6340

To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.

Referred to the House Committee on Financial Services.

HR6347

Rental Eviction Moratorium Act of 2020

Referred to the House Committee on the Judiciary.

HR6348

To fully implement the Initiative to Build Growth Equity Funds for Minority Businesses, and for other purposes.

Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, 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.

HR6350

Financial Literacy Education Commission Emergency Response Act

Referred to the House Committee on Financial Services.

HR6358

To authorize supplemental appropriations for fiscal year 2020 for community development block grants, and for other purposes.

Referred to the House Committee on Financial Services.

HR6360

To establish requirements on accelerated filers receiving Federal aid related to COVID-19, to establish requirements on all corporations until Federal aid related to COVID-19 is repaid, and for other purposes.

Referred to the House Committee on Financial Services.

HR6361

Relief for Small Businesses and Nonprofits Act

Referred to the House Committee on Financial Services.

HR6366

To permit, due to the COVID-19 emergency, Federal financial regulators to allow for the temporary waiver of requirements that a State, territory, or local government provide matching or cost-sharing funds before receiving a grant from a Federal financial regulator, to allow for certain reprogramming of funds to support unemployment, childcare, and healthcare programs, and for other purposes.

Referred to the House Committee on Financial Services.

HR6368

State Housing Relief Act of 2020

Referred to the House Committee on Financial Services.

HR6369

To waive certain requirements with respect to in-person appraisals, and for other purposes.

Referred to the House Committee on Financial Services.

HR6370

Disaster Protection for Workers’ Credit Act

Referred to the House Committee on Financial Services.

HR6371

To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes.

Referred to the House Committee on Financial Services.

HR6373

To increase the amount available under the Defense Production Act of 1950 to respond to the coronavirus epidemic, and for other purposes.

Referred to the House Committee on Financial Services.

HR6374

Ensuring Affordable Housing Security During the Coronavirus Emergency Act of 2020

Referred to the House Committee on Financial Services.

HR6375

To amend the Securities Exchange Act of 1934 to require issuers to make disclosures related to supply chain disruption risk, and for other purposes.

Referred to the House Committee on Financial Services.

HR6378

Interagency Pandemic Guidance for Consumers Act

Referred to the Committee on Financial Services, and in addition to the Committee on 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.

HR6379

Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020

Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, 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.

HR6380

To temporarily provide for Federal insurance of transaction accounts during the COVID-19 emergency.

Referred to the House Committee on Financial Services.

HR6381

To require the Board of Governors of the Federal Reserve System to provide zero-interest loans to minority depository institutions and community development financial institutions to combat COVID-19, and for other purposes.

Referred to the House Committee on Financial Services.

HR6382

Fair Housing Enforcement Emergency Act of 2020

Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.

HR6387

To correct technical omissions relating to international financial cooperation, and for other purposes.

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.

HR6423

To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.

Referred to the House Committee on Financial Services.

HR6724

Public Health Emergency Shelter Act of 2020

Referred to the House Committee on Financial Services.

HR6760

Fair Housing Further Enforcement Emergency Act of 2020

HR6778

_______ Act of 2020

Referred to the House Committee on Financial Services.

HR6806

COVID-19 Emergency Housing Relief Act of 2020

Referred to the House Committee on Financial Services.

S2282

Tribal Access to Homeless Assistance Act of 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3508

Disaster Protection for Workers’ Credit Act of 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill > HR6321

US HR6321

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary