Congress 116 - HR 6217 - HOPE Act of 2020

Sponsor

Cosponsors

Topics

Advanced technology and technological innovations Aging Bank accounts, deposits, capital Business investment and capital Computers and information technology Congressional oversight Disability and paralysis Economic development Employment and training programs Financial literacy Food assistance and relief Foreign language and bilingual programs Fraud offenses and financial crimes Government information and archives Health information and medical records Health programs administration and funding Housing and community development funding Housing finance and home ownership Income tax credits Libraries and archives National and community service Nutrition and diet Poverty and welfare assistance Public contracts and procurement Right of privacy Rural conditions and development Social Welfare Social work, volunteer service, charitable organizations State and local taxation Student aid and college costs Tax administration and collection, taxpayers Telephone and wireless communication Urban and suburban affairs and development

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Summary

Health, Opportunity, and Personal Empowerment Act of 2020 or the HOPE Act of 2020

This bill establishes several Health, Opportunity, and Personal Empowerment (HOPE) pilot projects to improve economic security for individuals who meet income or other requirements. The Department of Health and Human Services (HHS), the Department of Agriculture, and the Department of Housing and Urban Development must collaborate on the projects and report to Congress on project implementation and outcomes.

The HOPE Accounts Pilots provide awards to certain nonprofits to assist eligible individuals in establishing HOPE accounts through banks, credit unions, or governmental agencies. Through technology platforms and other means, HOPE accounts must (1) provide access to specified financial services and information related to public benefits, health insurance, and other topics; and (2) facilitate activities such as applying for government benefits and filing taxes. HHS, in consultation with the other departments, must also hold a merit-based competition to award contracts to private businesses and nonprofits to develop technology applications and other tools for HOPE accounts.

Grants for the HOPE Action Plans Pilot Projects allow nonprofits to enter voluntary agreements with eligible individuals to carry out long-term plans related to improving economic security and upward mobility.

Actions

Mar 12, 2020

Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, Agriculture, Education and Labor, Ways and Means, and the Judiciary, 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.
Mar 12, 2020

Introduced in House

Amendments

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