To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from waiving provisions related to COVID-19 emergency relief and taxpayer protections related to such relief.
Latest action · May 13, 2020 Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 13, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill prohibits the Department of the Treasury and the Federal Reserve Board from waiving requirements related to COVID-19 (i.e., coronavirus disease 2019) economic aid. Businesses receiving this aid must comply with compensation limits, bans on stock buybacks, and prohibitions on payment of stock dividends, among other requirements.
Cosponsors 3
Members who signed on, in the order they did. All signed on Jun 26, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Ayanna Pressley | Jun 26, 2020 | |
| D-NY | Carolyn B. Maloney | Jun 26, 2020 | |
| D-MI | Rashida Tlaib | Jun 26, 2020 |
Actions 2
Everything that happened, newest first.
- May 13, 2020Introduced in House
- May 13, 2020Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Cardiovascular and respiratory health
- Corporate finance and management
- Department of the Treasury
- Emergency medical services and trauma care
- Federal Reserve System
- Finance and Financial Sector
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Securities
Text 1
Each version as it was printed, newest first.
- May 13, 2020Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.