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

Bill: 116-hr-6321
Sponsor: Rep. Waters, Maxine [D-CA-43]
Introduced: 2020-03-23 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Advisory bodies
Africa
Agricultural prices, subsidies, credit
Air quality
Alternative dispute resolution, mediation, arbitration
Appropriations
Atmospheric science and weather
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Canada
Cardiovascular and respiratory health
Child care and development
Civil actions and liability
Conflicts and wars
Congressional operations and organization
Congressional oversight
Consumer Financial Protection Bureau
Consumer credit
Corporate finance and management
Debt collection
Department of Agriculture
Department of Housing and Urban Development
Disability and paralysis
Disaster relief and insurance
Economic performance and conditions
Education programs funding
Emergency medical services and trauma care
Employee benefits and pensions
Employee hiring
Employee leave
Executive agency funding and structure
Federal Deposit Insurance Corporation (FDIC)
Federal Housing Finance Agency
Federal Reserve System
Financial crises and stabilization
Financial literacy
Financial services and investments
First responders and emergency personnel
Foreign language and bilingual programs
Fraud offenses and financial crimes
Government employee pay, benefits, personnel management
Government information and archives
Government lending and loan guarantees
Government studies and investigations
Health
Health care costs and insurance
Health care coverage and access
Health personnel
Health programs administration and funding
Health promotion and preventive care
Health technology, devices, supplies
Higher education
Homelessness and emergency shelter
Housing and community development funding
Housing discrimination
Housing finance and home ownership
Housing supply and affordability
Income tax exclusion
Indian social and development programs
Infectious and parasitic diseases
Infrastructure development
Interest, dividends, interest rates
International organizations and cooperation
Landlord and tenant
Latin America
Low- and moderate-income housing
Manufacturing
Medical tests and diagnostic methods
Mexico
Military procurement, research, weapons development
Minority and disadvantaged businesses
Minority health
Motor vehicles
Multilateral development programs
National Credit Union Administration
Natural disasters
Photography and imaging
Postal service
Poverty and welfare assistance
Public contracts and procurement
Public participation and lobbying
Public utilities and utility rates
Refugees, asylum, displaced persons
Retail and wholesale trades
Securities
Self-employed
Sex, gender, sexual orientation discrimination
Small business
Social work, volunteer service, charitable organizations
Solid waste and recycling
State and local finance
Student aid and college costs
Tax-exempt organizations
Telephone and wireless communication
Trade agreements and negotiations
U.S. territories and protectorates
Unemployment
Veterans' medical care
Wages and earnings
Water quality
Water use and supply
Women's health
Worker safety and health
World health

Summary:
action_date: 2020-03-23
text: 

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

 
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. 
 


Legislative actions:
action_date: 2020-03-23
text: 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.
action_date: 2020-03-23
text: 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.
action_date: 2020-03-23
text: 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.
action_date: 2020-03-23
text: 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.
action_date: 2020-03-23
text: 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.
action_date: 2020-03-23
text: 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.
action_date: 2020-03-23
text: Introduced in House
action_date: 2020-03-23
text: Introduced in House