I 
116TH CONGRESS 
2D SESSION 
H. R. 6321 
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. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 23, 2020 
Ms. WATERS introduced the following bill; which was referred to the Com-
mittee 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 juris-
diction of the committee concerned 
A BILL 
To provide financial protections and assistance for America’s 
consumers, States, businesses, and vulnerable popu-
lations during the COVID-19 emergency and to recover 
from the emergency. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Financial Protections and Assistance for America’s Con-
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PAMTMANN on DSKBC07HB2PROD with BILLS
sumers, States, Businesses, and Vulnerable Populations 
Act’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Severability. 
TITLE I—PROTECTING CONSUMERS, RENTERS, HOMEOWNERS, 
AND PEOPLE EXPERIENCING HOMELESSNESS 
Sec. 101. Direct stimulus payments for families. 
Sec. 102. Suspension of requirements regarding tenant contribution toward 
rent. 
Sec. 103. Temporary moratorium on eviction filings. 
Sec. 104. Suspension of other consumer loan payments. 
Sec. 105. Emergency rental assistance. 
Sec. 106. Emergency homeless assistance. 
Sec. 107. Participation of Indian Tribes and tribally designated housing entities 
in Continuum of Care Program. 
Sec. 108. Housing Assistance Fund. 
Sec. 109. Mortgage forbearance. 
Sec. 110. Bankruptcy protections. 
Sec. 111. Debt collection. 
Sec. 112. Disaste protection for workers’ credit. 
Sec. 113. Student loans. 
Sec. 114. Waiver of in-person appraisal requirements. 
Sec. 115. Supplemental funding for community development block grants. 
Sec. 116. COVID-19 Emergency Housing Relief. 
Sec. 117. Supplemental funding for service coordinators to assist elderly house-
holds. 
Sec. 118. Fair housing. 
Sec. 119. HUD counseling program authorization. 
Sec. 120. Defense Production Act of 1950. 
TITLE II—ASSISTING SMALL BUSINESSES AND COMMUNITY 
FINANCIAL INSTITUTIONS 
Sec. 201. Small Business Credit Facility. 
Sec. 202. Small Business Financial Assistance Program. 
Sec. 203. Loan and obligation payment relief for affected small businesses and 
non-profits. 
Sec. 204. Reauthorization of the State Small Business Credit Initiative Act of 
2010. 
Sec. 205. Funding of the Initiative to Build Growth Equity Funds for Minority 
Businesses. 
Sec. 206. Community Development Financial Institutions Fund supplemental 
appropriation authorization. 
Sec. 207. Minority depository institution. 
Sec. 208. Loans to MDIs and CDFIs. 
Sec. 209. Insurance of transaction accounts. 
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TITLE III—SUPPORTING STATE, TERRITORY, AND LOCAL 
GOVERNMENTS 
Sec. 301. Muni Facility. 
Sec. 302. Temporary waiver and reprogramming authority. 
TITLE IV—PROMOTING FINANCIAL STABILITY AND 
TRANSPARENT MARKETS 
Sec. 401. Temporary halt to rulemakings unrelated to COVID–19. 
Sec. 402. Temporary ban on stock buybacks. 
Sec. 403. Disclosures related to supply chain disruption risk. 
Sec. 404. Disclosures related to global pandemic risk. 
Sec. 405. Oversight of Federal aid related to COVID–19. 
Sec. 406. International financial institutions. 
Sec. 407. Conditions on Federal aid to corporations. 
Sec. 408. Authority for warrants and debt instruments. 
Sec. 409. Authorization to participate in the New Arrangements to Borrow of 
the International Monetary Fund. 
Sec. 410. International Finance Corporation. 
Sec. 411. Oversight and Reports. 
Sec. 412. Technical corrections. 
Sec. 413. Definitions. 
Sec. 414. Rule of construction. 
TITLE V—PANDEMIC PLANNING AND GUIDANCE FOR 
CONSUMERS AND REGULATORS 
Sec. 501. Financial Literacy Education Commission Emergency Response. 
Sec. 502. Interagency pandemic guidance for consumers. 
Sec. 503. SEC pandemic guidance for investors. 
Sec. 504. Updates of the Pandemic Influenza Plan and National Planning 
Frameworks. 
SEC. 2. SEVERABILITY. 
If any provision of this Act or the application of such 
provision to any person or circumstance is held to be un-
constitutional, the remainder of this Act, and the applica-
tion of the provisions of this Act, to any person or cir-
cumstance shall not be affected thereby. 
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TITLE 
I—PROTECTING 
CON-
SUMERS, 
RENTERS, 
HOME-
OWNERS, AND PEOPLE EXPE-
RIENCING HOMELESSNESS 
SEC. 101. DIRECT STIMULUS PAYMENTS FOR FAMILIES. 
(a) DEFINITIONS.—In this section: 
(1) DIGITAL DOLLAR.—The term ‘‘digital dol-
lar’’ shall mean— 
(A) a balance expressed as a dollar value 
consisting of digital ledger entries that are re-
corded as liabilities in the accounts of any Fed-
eral reserve bank; or 
(B) an electronic unit of value, redeemable 
by an eligible financial institution (as deter-
mined by the Board of Governors of the Fed-
eral Reserve System). 
(2) DIGITAL DOLLAR WALLET.—The term ‘‘dig-
ital dollar wallet’’ shall mean a digital wallet or ac-
count, maintained by a Federal reserve bank on be-
half of any person, that represents holdings in an 
electronic device or service that is used to store dig-
ital dollars that may be tied to a digital or physical 
identity. 
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(3) MEMBER BANK.—The term ‘‘member bank’’ 
means a member bank of the Board of Governors of 
the Federal Reserve System. 
(4) PASS-THROUGH
DIGITAL
DOLLAR
WAL-
LET.—The term ‘‘pass-through digital dollar wallet’’ 
means a digital wallet or account, maintained by a 
member bank on behalf of a qualified individual, 
where such qualified individual is entitled to a pro 
rata share of a pooled reserve balance that the mem-
ber bank maintains at any Federal reserve bank. 
(5) QUALIFIED
INDIVIDUAL
DEFINED.—The 
term ‘‘qualified individual’’ means any individual 
other than any nonresident alien individual. 
(b) EMERGENCY STIMULUS CHECK IMPLEMENTA-
TION.— 
(1) PAYMENTS.—The Secretary of the Treas-
ury, acting through the Commissioner of the Inter-
nal Revenue Service, shall make monthly emergency 
payments to qualified individuals beginning on the 
first day of the first month beginning after the date 
of the enactment of this Act and ending on the later 
of— 
(A) the date of the termination by the 
Federal Emergency Management Agency of the 
emergency declared on March 13, 2020, by the 
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President under section 501(b) of the Robert T. 
Stafford Disaster Relief and Emergency Assist-
ance Act with respect to the COVID–19 pan-
demic; and 
(B) the date on which— 
(i) the national unemployment rate 
(as determined by the Bureau of Labor 
Statistics) is within 2 percentage points of 
the national unemployment rate on the 
date of enactment of this Act; and 
(ii) the 3-month average of the na-
tional unemployment rate has declined for 
two consecutive months. 
(2) AMOUNT OF PAYMENTS.— 
(A) IN GENERAL.—With respect to a quali-
fied individual, the amount of each monthly 
payment under paragraph (1) shall be as fol-
lows: 
(i) For a qualified individual age 18 
or older, $2,000. 
(ii) For a qualified individual under 
age 18, $1,000. 
(B) INCOME LIMITATION.—The amount of 
a payment under subparagraph (A) shall be re-
duced (but not below zero) by 5 percent of so 
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much of the individual’s adjusted gross income 
as exceeds $75,000. The Secretary of the 
Treasury shall adjust such amount as appro-
priate to account for individuals filing joint re-
turns. 
(3) METHOD OF DELIVERY.— 
(A) IN GENERAL.—The Secretary of the 
Treasury, acting through the Commissioner of 
the Internal Revenue Service, shall make the 
payments required under paragraph (1)— 
(i) first, by direct deposit (including 
to a pass-through digital dollar wallet), if 
the Commissioner has sufficient informa-
tion to make direct deposit payments to 
the applicable individual; and 
(ii) otherwise, by check. 
(B) OUTREACH.—The Secretary of the 
Treasury, acting through the Commissioner of 
the Internal Revenue Service, shall establish a 
system for a qualified individual to provide the 
Internal Revenue Service with the individual’s 
direct deposit information and shall perform 
outreach to inform the public of such system. 
(4) ACCESSING
PAYMENTS.—If a payment is 
deposited (by any method) into an account of a 
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qualified individual at an insured depository institu-
tion (as defined in section 3 of the Federal Deposit 
Insurance Act) or insured credit union (as defined in 
section 101 of the Federal Credit Union Act), such 
funds shall be available for withdrawal on the same 
day, to the fullest extent possible. 
(5) FUNDING.—The Secretary of the Treasury 
shall, before each monthly payment required under 
subsection (a), notify the Board of Governors of the 
Federal Reserve System of the aggregate amount of 
such payment, and the Board of Governors shall 
issue notes in such amount and transfer such notes 
to the Secretary of the Treasury for use in making 
such payments. 
(c) MANDATE FOR MEMBER BANKS TO MAINTAIN 
PASS-THROUGH DIGITAL DOLLAR WALLETS.— 
(1) OBLIGATIONS OF MEMBER BANKS.— 
(A) IN
GENERAL.—Member banks are 
hereby directed to establish and maintain pass- 
through digital dollar wallets for all persons eli-
gible to receive payments from the United 
States pursuant to this Act who elect to deposit 
such payments into a pass-through digital dol-
lar wallet. 
(B) SEPARATE ENTITY.— 
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(i) IN GENERAL.—Each member bank 
shall establish and maintain a separate 
legal entity for the exclusive purpose of 
holding all assets and maintaining all li-
abilities associated with pass-through dig-
ital dollar wallets. 
(ii) ASSETS.—The assets of any entity 
described in this paragraph shall consist 
exclusively of a balance maintained in a 
master account at a Federal reserve bank, 
and the liabilities or obligations of the enti-
ty shall consist exclusively of an equal 
quantity of balances maintained by holders 
of pass-through digital dollar wallets. 
(iii) SEPARATE ASSETS AND LIABIL-
ITIES.—The assets and liabilities of any 
legal entity described in this paragraph 
shall not be deemed assets or liabilities of 
the member bank or its affiliates for pur-
poses of any capital or liquidity regulation 
promulgated by Federal or State banking 
authorities. 
(C) APPLICATION.—Member banks with 
total 
consolidated 
assets 
in 
excess 
of 
$10,000,000,000 shall promptly offer individ-
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uals the ability to apply, through online or tele-
phonic means, for a pass-through digital dollar 
wallets. 
(2) TERMS.—Member banks shall ensure that a 
pass-through digital dollar wallet established under 
this section— 
(A) may not be subject to any account 
fees, minimum balances, or maximum balances; 
(B) shall pay interest at a rate not below 
the greater of— 
(i) the rate of interest on required re-
serves; and 
(ii) the rate of interest on excess re-
serves; 
(C) shall provide functionality and service 
levels not less favorable than those that the 
member bank offers for its existing transaction 
accounts (including with respect to access to 
debit cards and automated teller machines, on-
line account access, automatic bill-pay and mo-
bile banking services, customer service, and 
such other services as the Board determines), 
except that pass-through digital dollar wallet 
shall not include overdraft coverage; 
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(D) shall be prominently branded in all ac-
count statements, marketing materials, and 
other communications of the member bank as a 
‘‘pass-through FedAccount’’ maintained by the 
member bank on behalf of the Board of Gov-
ernors of the Federal Reserve System; 
(E) may not be closed or restricted by the 
member bank on the basis of profitability con-
siderations; and 
(F) shall provide holders with reasonable 
protection against losses caused by fraud or se-
curity breaches. 
(3) REIMBURSEMENT FOR COSTS.— 
(A) IN
GENERAL.—Each member bank 
with total consolidated assets not greater than 
$10,000,000,000 shall be reimbursed each cal-
endar quarter by the relevant Federal reserve 
bank for actual and reasonable operational 
costs incurred by the member bank in offering 
pass-through digital dollar wallets. 
(B) RULEMAKING.—The Board of Gov-
ernors of the Federal Reserve System shall 
issue rules to carry out subparagraph (A). 
(4) AUTHORITY
OF
THE
BOARD.—Member 
banks shall be subject to such rules as may be im-
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posed by the Board of Governors of the Federal Re-
serve System in connection with maintaining pass- 
through digital dollar wallets. 
(d) AUTHORITY
FOR STATE NONMEMBER BANKS 
AND CREDIT UNIONS TO OFFER PASS-THROUGH DIG-
ITAL DOLLAR WALLETS.—The Federal reserve banks 
shall permit State banks and credit unions that are not 
member banks to open master accounts for the exclusive 
purpose of offering pass-through digital dollar wallets in 
compliance with the requirements of subsection (c). Each 
State bank or credit union electing to offer pass-through 
digital wallets shall be entitled to cost reimbursement in 
accordance with subsection (c)(3). 
(e) MANDATE FOR FEDERAL RESERVE BANKS TO 
MAINTAIN DIGITAL DOLLAR WALLETS.— 
(1) AUTHORIZATION.—Subject to such restric-
tions, limitations, and regulations as may be im-
posed by the Board of Governors of the Federal Re-
serve System, each Federal reserve bank shall main-
tain digital dollar wallets. 
(2) MANDATE.— 
(A) IN GENERAL.—Not later than January 
1, 2021, all Federal reserve banks shall make 
digital dollar wallets available to all citizens and 
legal permanent residents of the United States 
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and business entities for which the principal 
place of business is located in the United 
States. 
(B) EXCEPTION.—In geographic areas 
where physical access to a branch of a Federal 
reserve bank is limited, Federal reserve banks 
serving such areas shall partner with United 
States Postal Service branch offices to ensure 
access and availability to application and ac-
count services for digital dollar wallets. 
(3) TERMS OF DIGITAL DOLLAR WALLETS.— 
Federal reserve banks shall ensure that digital dollar 
wallets established under this section— 
(A) may not be subject to any account 
fees, minimum balances, or maximum balances; 
(B) shall pay interest at a rate not below 
the greater of— 
(i) the rate of interest on required re-
serves; and 
(ii) the rate of interest on excess re-
serves; 
(C) shall provide access to debit cards, on-
line account access, automatic bill-pay and mo-
bile banking services, customer service, and 
such other services as the Board determines, 
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except that digital dollar wallets shall not in-
clude overdraft coverage; 
(D) shall provide, in conjunction with the 
United States Postal Service, access to auto-
mated teller machines to be maintained on be-
half of the Board by the United States Postal 
Service at branch offices; 
(E) shall be prominently branded in all ac-
count statements, marketing materials, and 
other communications of the Federal reserve 
bank as a ‘‘FedAccount’’ maintained by the 
member bank on behalf of the United States of 
America; 
(F) may not be closed or restricted on the 
basis of profitability considerations; and 
(G) shall provide holders with reasonable 
protection against losses caused by fraud or se-
curity breaches. 
(4) BANK SECRECY ACT.—In establishing and 
maintaining digital dollar wallets, each Federal re-
serve bank shall comply with section 21 of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1829b), sec-
tion 123 of Public Law 91–508, subchapter II of 
chapter 53 of title 31, United States Code. 
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(5) PENALTIES.—The Board of Governors of 
the Federal Reserve System shall, by rule, establish 
penalties applicable to Federal reserve banks and 
employees of such banks for violations of privacy ob-
ligations relating to digital dollar wallets that are 
similar to the penalties imposed by the Commis-
sioner of the Internal Revenue Service with respect 
to violations of privacy obligations relating to Fed-
eral tax returns. 
(f) REGULATIONS.—The Board of Governors of the 
Federal Reserve System shall promulgate regulations to 
carry out this section. 
SEC. 102. SUSPENSION OF REQUIREMENTS REGARDING 
TENANT CONTRIBUTION TOWARD RENT. 
(a) SUSPENSION.—Notwithstanding any other provi-
sion of law, the obligation of each tenant household of a 
dwelling unit in assisted housing to pay any contribution 
toward rent for occupancy in such dwelling unit shall be 
suspended with respect to such occupancy during the pe-
riod beginning on the date of the enactment of this Act 
and ending 6 months after the date of the termination 
by the Federal Emergency Management Agency of the 
emergency declared on March 13, 2020, by the President 
under the Robert T. Stafford Disaster Relief and Emer-
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gency Assistance Act (42 U.S.C. 4121 et seq.) relating 
to the Coronavirus Disease 2019 (COVID-19) pandemic. 
(b) FEDERAL REIMBURSEMENT PAYMENTS.—To the 
extent that amounts are made available pursuant to sub-
section (e) for reimbursements under this subsection, the 
Secretary of Housing and Urban Development or the Sec-
retary of Agriculture, as appropriate, shall— 
(1) provide owners of assisted housing and pub-
lic housing agencies for any amounts in rent not re-
ceived as a result of subsection (a), plus the amount 
of any increases in costs of administering and main-
taining such housing to the extent only that such in-
creases result from the public health emergency re-
lating to Coronavirus Disease 2019 (COVID-19); 
and 
(2) in the case of public housing agencies pro-
viding assistance under section 8(o) of the United 
States Housing Act of 1937 (42 U.S.C. 1437f(o)), 
reimburse such agencies in an amount sufficient to 
cover any increase in housing assistance payments 
resulting from the suspension of tenant rent pay-
ments pursuant to subsection (a), plus the amount 
of any increases in the cost of administering such 
assistance to the extent only that such increases re-
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sult from the public health emergency relating to 
Coronavirus Disease 2019 (COVID-19). 
(c) PROHIBITIONS.— 
(1) ON FINES.—No tenant or tenant household 
may be charged a fine or fee for nonpayment of rent 
in accordance with subsection (a) and such non-
payment of rent shall not be grounds for any termi-
nation of tenancy or eviction. 
(2) ON DEBT.—No tenant or tenant household 
may be treated as accruing any debt by reason of 
suspension of contribution of rent under subsection 
(a). 
(3) ON
REPAYMENT.—Held liable for repay-
ment of any amount of rent contribution suspended 
under subsection (a). 
(4) ON CREDIT SCORES.—The nonpayment of 
rent by a tenant or tenant household shall not be re-
ported to a consumer reporting agency nor shall 
such nonpayment adversely affect a tenant or mem-
ber of a tenant household’s credit score. 
(d) ASSISTED HOUSING.—For purposes of this sec-
tion, the term ‘‘assisted housing’’ means housing or a 
dwelling unit assisted under— 
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PAMTMANN on DSKBC07HB2PROD with BILLS
(1) section 213, 220, 221(d)(3), 221(d)(4), 
223(e), 231, or 236 of the National Housing Act 
(12 U.S.C. 1715l(d)(3), (d)(4), or 1715z–1); 
(2) section 101 of the Housing and Urban De-
velopment Act of 1965 (12 U.S.C. 1701s); 
(3) section 202 of the Housing Act of 1959 (12 
U.S.C. 1701q); 
(4) section 811 of the Cranston-Gonzales Na-
tional Affordable Housing Act (42 U.S.C. 8013); 
(5) title II of the Cranston-Gonzalez National 
Affordable Housing Act (42 U.S.C. 12701 et seq.); 
(6) subtitle D of title VIII of the Cranston-Gon-
zalez National Affordable Housing Act (42 U.S.C. 
12901 et seq.); 
(7) title I of the Housing and Community De-
velopment Act of 1974 (42 U.S.C. 5301 et seq.); 
(8) section 8 of the United States Housing Act 
of 1937 (42 U.S.C. 1437f); 
(9) the public housing program under title I of 
the United States Housing Act of 1937 (42 U.S.C. 
1437 et seq.); or 
(10) section 514, 515, 516, 521(a)(2), 538, or 
542 of the Housing Act of 1949 (42 U.S.C. 1484, 
1485, 1486, 1490a(a)(2), 1490p–2, 1490r). 
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(e) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated such sums as may be nec-
essary to make payments under subsection (b) to all own-
ers of assisted housing and public housing agencies. 
SEC. 103. TEMPORARY MORATORIUM ON EVICTION FIL-
INGS. 
(a) CONGRESSIONAL FINDINGS.—The Congress finds 
that— 
(1) according to the 2018 American Community 
Survey, 36 percent of households in the United 
States—more than 43 million households—are rent-
ers; 
(2) in 2019 alone, renters in the United States 
paid $512 billion in rent; 
(3) according to the Joint Center for Housing 
Studies of Harvard University, 20.8 million renters 
in the United States spent more than 30 percent of 
their incomes on housing in 2018 and 10.9 million 
renters spent more than 50 percent of their incomes 
on housing in the same year; 
(4) Moody’s Analytics estimates that 27 million 
jobs in the U.S. economy are at high risk because 
of COVID-19; 
(5) the impacts of the spread of COVID-19, 
which is now considered a global pandemic, are ex-
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pected to negatively impact the incomes of poten-
tially millions of renter households, making it dif-
ficult for them to pay their rent on time; and 
(6) evictions in the current environment would 
increase homelessness and housing instability which 
would be counterproductive towards the public 
health goals of keeping individuals in their homes to 
the greatest extent possible. 
(b) MORATORIUM.—During the period beginning on 
the date of the enactment of this Act and ending on the 
date described in paragraph (1) of subsection (d), the les-
sor of a covered dwelling may not make, or cause to be 
made, any filing with the court of jurisdiction to initiate 
a legal action to recover possession of the covered dwelling 
from the tenant regardless of cause, except when a tenant 
perpetrates a serious criminal act that threatens the 
health, life, or safety of other tenants, owners, or staff 
of the property in which the covered dwelling is located. 
(c) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) COVERED DWELLING.—The term ‘‘covered 
dwelling’’ means a dwelling that is occupied by a 
tenant— 
(A) pursuant to a residential lease; or 
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(B) without a lease or with a lease ter-
minable at will under State law. 
(2) DWELLING.—The term ‘‘dwelling’’ has the 
meaning given such term in section 802 of the Fair 
Housing Act (42 U.S.C. 3602) and includes houses 
and dwellings described in section 803(b) of such 
Act (42 U.S.C. 3603(b)). 
(d) SUNSET.— 
(1) SUNSET DATE.—The date described in this 
paragraph is the date of the expiration of the 6- 
month period that begins upon the termination by 
the Federal Emergency Management Agency of the 
emergency declared on March 13, 2020, by the 
President under the Robert T. Stafford Disaster Re-
lief and Emergency Assistance Act (42 U.S.C. 4121 
et seq.) relating to the Coronavirus Disease 2019 
(COVID-19) pandemic. 
(2) 
NOTICE
TO
VACATE
AFTER
SUNSET 
DATE.—After the date described in paragraph (1), 
the lessor of a covered dwelling may not require the 
tenant to vacate the covered dwelling before the ex-
piration of the 30-day period that begins upon the 
provision by the lessor to the tenant, after the date 
described in paragraph (1), of a notice to vacate the 
covered dwelling. 
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PAMTMANN on DSKBC07HB2PROD with BILLS
SEC. 104. SUSPENSION OF OTHER CONSUMER LOAN PAY-
MENTS. 
(a) IN GENERAL.—During the COVID–19 emer-
gency, a debt collector may not, with respect to a debt 
of a consumer (other than debt related to a federally re-
lated mortgage loan)— 
(1) capitalize unpaid interest; 
(2) apply a higher interest rate triggered by the 
nonpayment of a debt to the debt balance; 
(3) charge a fee triggered by the nonpayment of 
a debt; 
(4) sue or threaten to sue for nonpayment of a 
debt; 
(5) continue litigation to collect a debt that was 
initiated before the date of enactment of this section; 
(6) submit or cause to be submitted a confes-
sion of judgment to any court; 
(7) enforce a security interest through reposses-
sion, limitation of use, or foreclosure; 
(8) take or threaten to take any action to en-
force collection, or any adverse action for non-
payment of a debt, or for nonappearance at any 
hearing relating to a debt; 
(9) commence or continue any action to cause 
or to seek to cause the collection of a debt, including 
pursuant to a court order issued before the end of 
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PAMTMANN on DSKBC07HB2PROD with BILLS
the 120-day period following the end of the COVID– 
19 emergency, from wages, Federal benefits, or 
other amounts due to a consumer by way of garnish-
ment, deduction, offset, or other seizure; 
(10) cause or seek to cause the collection of a 
debt, including pursuant to a court order issued be-
fore the end of the 120-day period following the end 
of the COVID–19 emergency, by levying on funds 
from a bank account or seizing any other assets of 
a consumer; 
(11) commence or continue an action to evict a 
consumer from real or personal property; or 
(12) disconnect or terminate service from utility 
service, including electricity, natural gas, tele-
communications or broadband, water, or sewer. 
(b) RULE OF CONSTRUCTION.—Nothing in this sec-
tion may be construed to prohibit a consumer from volun-
tarily paying, in whole or in part, a debt. 
(c) REPAYMENT PERIOD.—After the expiration of the 
COVID–19 emergency, with respect to a debt described 
under subsection (a), a debt collector— 
(1) may not add to the debt balance any inter-
est or fee prohibited by subsection (a); 
(2) shall, for credit with a defined term or pay-
ment period, extend the time period to repay the 
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PAMTMANN on DSKBC07HB2PROD with BILLS
debt balance by 1 payment period for each payment 
that a consumer missed during the COVID–19 
emergency, with the payments due in the same 
amounts and at the same intervals as the pre-exist-
ing payment schedule; 
(3) shall, for an open end credit plan (as de-
fined under section 103 of the Truth in Lending 
Act) or other credit without a defined term, allow 
the consumer to repay the debt balance in a manner 
that does not exceed the amounts permitted by for-
mulas under section 170(c) of the Truth in Lending 
Act and regulations promulgated thereunder; and 
(4) shall, when the consumer notifies the debt 
collector, offer reasonable and affordable repayment 
plans, loan modifications, refinancing, options with a 
reasonable time in which to repay the debt. 
(d) COMMUNICATIONS IN CONNECTION WITH THE 
COLLECTION OF A DEBT.— 
(1) IN
GENERAL.—During the COVID–19 
emergency, without prior consent of a consumer 
given directly to a debt collector during the COVID– 
19 emergency, or the express permission of a court 
of competent jurisdiction, a debt collector may only 
communicate in writing in connection with the col-
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PAMTMANN on DSKBC07HB2PROD with BILLS
lection of any debt (other than debt related to a fed-
erally related mortgage loan). 
(2) REQUIRED DISCLOSURES.— 
(A) IN GENERAL.—All written communica-
tions described under paragraph (1) shall in-
form the consumer that the communication is 
for informational purposes and is not an at-
tempt to collect a debt. 
(B) REQUIREMENTS.—The disclosure re-
quired under subparagraph (A) shall be made— 
(i) in type or lettering not smaller 
than 14-point bold type; 
(ii) separate from any other disclo-
sure; 
(iii) in a manner designed to ensure 
that the recipient sees the disclosure clear-
ly; 
(iv) in English and Spanish and in 
any additional languages in which the debt 
collector communicates, including the lan-
guage in which the loan was negotiated, to 
the extent known by the debt collector; and 
(v) may be provided by first-class mail 
or electronically, if the borrower has other-
wise consented to electronic communication 
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PAMTMANN on DSKBC07HB2PROD with BILLS
with the debt collector and has not revoked 
such consent. 
(C) ORAL NOTIFICATION.—Any oral notifi-
cation shall be provided in the language the 
debt collector otherwise uses to communicate 
with the borrower. 
(D) WRITTEN
TRANSLATIONS.—In pro-
viding written notifications in languages other 
than English in this section, a debt collector 
may rely on written translations developed by 
the Bureau of Consumer Financial Protection. 
(e) VIOLATIONS.— 
(1) IN GENERAL.—Any person who violates this 
section shall— 
(A) except as provided under subparagraph 
(B), be subject to civil liability in accordance 
with section 813 of the Fair Debt Collection 
Practices Act, as if the person is a debt col-
lector for purposes of that section; and 
(B) be liable to the consumer for an 
amount 10 times the amounts described in such 
section 813, for each violation. 
(2) PREDISPUTE ARBITRATION AGREEMENTS.— 
Notwithstanding any other provision of law, no 
predispute arbitration agreement or predispute joint- 
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PAMTMANN on DSKBC07HB2PROD with BILLS
action waiver shall be valid or enforceable with re-
spect to a dispute brought under this section, includ-
ing a dispute as to the applicability of this section, 
which shall be determined under Federal law. 
(f) TOLLING.—Except as provided in subsection 
(g)(5), any applicable time limitations, including statutes 
of limitations, related to a debt under Federal or State 
law shall be tolled during the COVID–19 emergency. 
(g) CLAIMS OF AFFECTED CREDITORS AND DEBT 
COLLECTORS.— 
(1) VALUATION OF PROPERTY.—With respect 
to any action asserting a taking under the Fifth 
Amendment of the Constitution of the United States 
as a result of this section or seeking a declaratory 
judgment regarding the constitutionality of this sec-
tion, the value of the property alleged to have been 
taken without just compensation shall be evalu-
ated— 
(A) with consideration of the likelihood of 
full and timely payment of the obligation with-
out the actions taken pursuant to this section; 
and 
(B) without consideration of any assistance 
provided directly or indirectly to the consumer 
from other Federal, State, and local govern-
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PAMTMANN on DSKBC07HB2PROD with BILLS
(A) by redesignating paragraphs (10) 
through (33) as paragraphs (12) through (35), 
respectively; 
(B) by redesignating paragraphs (8) and 
(9) as paragraphs (9) and (10), respectively; 
(C) by inserting after paragraph (7) the 
following: 
‘‘(8) FORMULA AREA.—The term ‘formula area’ 
has the meaning given the term in section 1000.302 
of title 24, Code of Federal Regulations, or any suc-
cessor regulation.’’; 
(D) in paragraph (9), as so redesignated, 
by inserting ‘‘a formula area,’’ after ‘‘non-
entitlement area,’’; and 
(E) by inserting after paragraph (10), as 
so redesignated, the following: 
‘‘(11) INDIAN TRIBE.—The term ‘Indian Tribe’ 
has the meaning given the term ‘Indian tribe’ in sec-
tion 4 of the Native American Housing Assistance 
and Self-Determination Act of 1996 (25 U.S.C. 
4103).’’; and 
(2) in subtitle C (42 U.S.C. 11381 et seq.), by 
adding at the end the following: 
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