I 
116TH CONGRESS 
2D SESSION 
H. R. 6366 
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 receiv-
ing 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. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 23, 2020 
Mr. SAN NICOLAS introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To permit, due to the COVID–19 emergency, Federal finan-
cial regulators to allow for the temporary waiver of re-
quirements 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 unemploy-
ment, childcare, and healthcare programs, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
VerDate Sep 11 2014 
23:23 Apr 09, 2020
Jkt 099200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H6366.IH
H6366
pamtmann on DSKBC07HB2PROD with BILLS
SECTION 1. TEMPORARY WAIVER AND REPROGRAMMING 
AUTHORITY. 
(a) WAIVER AUTHORITY.— 
(1) IN GENERAL.—With respect to a covered 
grant awarded to a State, territory, or local govern-
ment by a Federal financial regulator, the Federal 
financial regulator may, upon request, waive any 
matching or cost-sharing requirements with respect 
to such grant until January 1, 2023. 
(2) 
REQUIREMENTS
FOR
WAIVER
RECIPI-
ENTS.—A State, territory, or local government 
granted a waiver with respect to a grant under sub-
section (a) shall waive any matching or cost-sharing 
requirements that such government imposes on sub- 
grantees on such grant until January 1, 2023. 
(b) REPROGRAMMING AUTHORITY.— 
(1) IN GENERAL.—With respect to a covered 
grant awarded to a State, territory, or local govern-
ment by a Federal financial regulator, the Federal 
financial regulator may, upon request, permit the 
State, territory, or local government to reprogram 
awarded grant funds for purposes related to unem-
ployment, childcare, and healthcare, if the majority 
of normally funded activities under such grant are 
not in areas related to unemployment, childcare, and 
healthcare. 
VerDate Sep 11 2014 
23:23 Apr 09, 2020
Jkt 099200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H6366.IH
H6366
pamtmann on DSKBC07HB2PROD with BILLS
(2) CONSIDERATION FOR FUTURE GRANTS.— 
Any grantee (or sub-grantee) with respect to which 
a Federal financial regulator allows to reprogram 
funds under paragraph (1) shall be given priority by 
such Federal financial regulator for future awards of 
the type reprogrammed. 
(c) DEFINITIONS.—In this section: 
(1) COVERED
GRANTS.—The term ‘‘covered 
award’’ means a grant— 
(A) that was awarded to a State, territory, 
or local government before the date of enact-
ment of this Act and under which the State, 
territory, or local government may still receive 
additional grant amounts; or 
(B) with respect to which the period of 
performance does not expire before January 1, 
2023. 
(2) FEDERAL
FINANCIAL
REGULATOR.—The 
term ‘‘Federal financial regulator’’ means the Board 
of Governors of the Federal Reserve System, the 
Bureau of Consumer Financial Protection, the De-
partment of Housing and Urban Development, the 
Department of the Treasury (other than the Inter-
nal Revenue Service), the Federal Deposit Insurance 
Corporation, the Office of the Comptroller of the 
VerDate Sep 11 2014 
23:23 Apr 09, 2020
Jkt 099200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H6366.IH
H6366
pamtmann on DSKBC07HB2PROD with BILLS
Currency, the National Credit Union Administra-
tion, and the Securities and Exchange Commission. 
Æ 
VerDate Sep 11 2014 
23:23 Apr 09, 2020
Jkt 099200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H6366.IH
H6366
pamtmann on DSKBC07HB2PROD with BILLS