Bill > HR2100

This bill, known as the "No Bailouts for Reparations Act," seeks to prohibit the United States Government, including federal agencies and the Federal Reserve, from providing any financial assistance such as loans or grants to state or local governments that implement reparations programs based on slavery, race, ethnicity, national origin, or related historical practices. The prohibition would specifically target the governmental unit that enacts the reparations law and would apply to all U.S. states, territories, and possessions, including the District of Columbia, Puerto Rico, the Virgin Islands, American Samoa, Guam, and the Northern Mariana Islands. By creating this financial disincentive, the bill aims to discourage state and local governments from establishing reparations programs by threatening to withhold federal financial support from any jurisdiction that chooses to do so. The bill's language suggests a clear intent to create a significant barrier to potential reparations efforts at the state and local levels by leveraging federal financial resources as a form of economic pressure.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/2100/all-info