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Bill > HR535


US HR535

US HR535
Special Districts Provide Essential Services Act


summary

Introduced
01/28/2021
In Committee
01/28/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Social Security Act to include special districts in the coronavirus relief fund, to direct the Secretary to include special districts as an eligible issuer under the Municipal Liquidity Facility, and for other purposes.

AI Summary

This bill aims to provide financial assistance to special districts during the COVID-19 emergency. Specifically, it would amend the Social Security Act to make special districts eligible for payments from the Coronavirus Relief Fund, as long as the total amount appropriated for the fund exceeds $150 billion. States would be required to allocate at least 5% of their Coronavirus Relief Fund payments to special districts that demonstrate certain COVID-19-related revenue losses or expenditure increases. The bill also directs the Federal Reserve to include special districts as eligible issuers in the Municipal Liquidity Facility program, which provides loans to state and local governments. The bill defines "special districts" as political subdivisions of a state formed to perform governmental or proprietary functions.

Committee Categories

Government Affairs

Sponsors (32)

Last Action

Referred to the Committee on Oversight and Reform, 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. (on 01/28/2021)

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