Federal Reserve System
US Congress 116th Congress
To require the Board of Governors of the Federal Reserve System to establish a credit facility to provide loans to small businesses, including small family farms, during the COVID-19 emergency. [HB-6331]
[Finance ]
[Small Business ]
[Agriculture ]
[Healthcare ]
[Economic Development ]
[Funding ]
[Grants ]
[Disaster Relief ]
Requires the Federal Reserve Board to establish a credit facility to provide loans to certain small businesses during the COVID-19 (i.e., coronavirus disease 2019) emergency.
Sponsored by: Rep. Joyce Beatty
Introduced In House on 03/23/2020
Spread the world
Gettr US Congress 116th Congress
To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes. [HB-6340]
[Housing ]
[Disaster Relief ]
[Consumer Protection ]
[Real Estate ]
[Finance ]
To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.
Sponsored by: Rep. Lacy Clay
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
Relief for Consumers During COVID–19 Act of 2020 [HB-6332]
[Consumer Protection ]
[Finance ]
[Public Health ]
[Housing ]
Places restrictions on the collection of consumer debts during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Among other things, debt collectors may not during such a period enforce a security interest through a repossession or foreclosure, commence or continue litigation to collect a debt, terminate utility service, seize assets, commence or continue an eviction, or charge fees or apply a higher interest rate as a result of nonpayment. After such a period, debt collectors must provide certain repayment options including extending
(continued...)
Sponsored by: Rep. Joyce Beatty
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act [HB-6321]
[Finance ]
[Healthcare ]
[Housing ]
[Small Business ]
[Consumer Protection ]
[Funding ]
[Grants ]
[Human Services ]
[Student Loans ]
[Budget and Spending ]
[Economic Development ]
[Senior Citizens ]
[Insurance ]
[Public Health ]
[Disaster Relief ]
[Poverty ]
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,
(continued...)
Sponsored by: Rep. Maxine Waters
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
Banking for All Act [S.3571]
[Finance ]
[Technology and Innovation ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
[Funding ]
[Grants ]
[Poverty ]
[Public Health ]
Requires Federal Reserve member banks to provide digital pass-through accounts (i.e., digital dollar wallets) to residents and citizens, and to businesses domiciled in the United States. Among other things, these accounts must provide specified banking services to eligible persons who elect to deposit funds into these accounts, including access to COVID-19 (i.e., coronavirus disease 2019) aid payments. These accounts may not charge fees or have balance requirements, and must provide a specified interest rate. In areas with limited access to Federal
(continued...)
Sponsored by: Sen. Sherrod Brown
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 06/30/2020
Spread the world
US Congress 116th Congress
Interagency Pandemic Guidance for Consumers Act [HB-6378]
[Consumer Protection ]
[Disaster Relief ]
[Finance ]
[Public Health ]
Directs financial regulators to issue interagency guidance regarding consumer debt relief options (e.g., deferment, forbearance, and affordable payment plans) in the event of a major disaster or pandemic. Financial regulators must also test financial institutions' response to a pandemic or major disaster every five years and report the results to Congress.
Sponsored by: Rep. Maxine Waters
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
Interagency Pandemic Guidance for Consumers Act [HB-6378]
[Consumer Protection ]
[Disaster Relief ]
[Finance ]
[Public Health ]
Directs financial regulators to issue interagency guidance regarding consumer debt relief options (e.g., deferment, forbearance, and affordable payment plans) in the event of a major disaster or pandemic. Financial regulators must also test financial institutions' response to a pandemic or major disaster every five years and report the results to Congress.
Sponsored by: Rep. Maxine Waters
Introduced In House on 03/23/2020
Spread the world
US Congress 116th Congress
Immediate Funds Availability Act of 2020 [HB-6306]
[Finance ]
[Public Health ]
[Disaster Relief ]
Temporarily requires depository institutions located in a state with a public health emergency to immediately make available for withdrawal certain deposited funds. Specifically, the first $1,500 of a deposit must be made available in real time. This requirement expires three years after enactment.
Sponsored by: Rep. Bill Foster
Introduced In House on 03/19/2020
Spread the world
US Congress 116th Congress
Coronavirus Guidance for Financial Institutions Act [HB-6265]
[Finance ]
[Healthcare ]
[Consumer Protection ]
[Public Health ]
[Funding ]
[Small Business ]
[Economic Development ]
Directs the Federal Reserve Board, the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to report on the effectiveness of the joint release issued by federal and state financial regulators on March 9, 2020, encouraging financial institutions to meet the needs of customers affected by the coronavirus (i.e., the virus that causes COVID-19).
Sponsored by: Rep. Steve Stivers
Introduced In House on 03/12/2020
Spread the world
US Congress 116th Congress
Consumer Financial Protection Commission Act [HB-6116]
[Consumer Protection ]
[Finance ]
Removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 03/05/2020
Spread the world
US Congress 116th Congress
To direct the Board of Governors of the Federal Reserve System to revise the transfers and withdrawals limit with respect to savings deposits and transaction accounts, and for other purposes. [HB-5460]
[Finance ]
[Consumer Protection ]
Directs the Federal Reserve Board to increase (1) the number of transfers and withdrawals permitted for savings deposit accounts, and (2) the withdrawal threshold for transaction accounts.
Sponsored by: Rep. Scott Perry
Introduced In House on 12/17/2019
Spread the world
US Congress 116th Congress
Climate Change Financial Risk Act of 2019 [S.2903]
[Climate Change ]
[Finance ]
[Energy ]
[Environmental ]
[Budget and Spending ]
Addresses climate change risk and its potential impact on the financial system. The Federal Reserve Board must develop financial risk analyses relating to climate change for specified large nonbank financial companies and bank holding companies. Specifically, these entities will be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios. The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations
(continued...)
Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/20/2019
Spread the world
US Congress 116th Congress
Climate Change Financial Risk Act of 2019 [HB-5194]
[Climate Change ]
[Finance ]
[Energy ]
[Environmental ]
[Budget and Spending ]
Addresses climate change risk and its potential impact on the financial system. The Federal Reserve Board must develop financial risk analyses relating to climate change for specified large nonbank financial companies and bank holding companies. Specifically, these entities will be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios. The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Environment And Climate Change. on 11/21/2019
Spread the world
US Congress 116th Congress
Protecting Consumers from Market Manipulation Act [HB-5180]
[Finance ]
[Consumer Protection ]
To amend the Bank Holding Company Act of 1956 to restore the separation between banking and commerce by prohibiting bank holding company ownership of non-financial assets, and for other purposes.
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 11/19/2019
Spread the world
US Congress 116th Congress
Debt Ceiling Alternative Act [HB-5083]
[Budget and Spending ]
[Finance ]
[Social Security ]
Establishes requirements and authorities for notifying Congress, issuing bonds, proposing rescissions, and selling assets if the debt limit will be reached. The Department of the Treasury must notify Congress if it estimates that the U.S. debt will reach the statutory debt limit during a quarter. After Congress is notified, Treasury must issue bonds that (1) have an interest rate linked to the nominal gross domestic product of the United States, (2) may only be used to pay the principal and interest on obligations of the United States held by the
(continued...)
Sponsored by: Rep. Matt Gaetz
Introduced In House on 11/14/2019
Spread the world
US Congress 116th Congress
Government Bailout Prevention Act [HB-4572]
[Budget and Spending ]
[Finance ]
[Funding ]
[Grants ]
[Taxes ]
[Economic Development ]
Prohibits the use of federal funds to purchase or guarantee obligations of, issue lines of credit to, or provide grants to any state (defined to include the District of Columbia and any U.S. territory or possession), municipal, local, or county government that, on or after January 1, 2019, has defaulted on its obligations, is at risk of defaulting, or has filed for bankruptcy. The Department of the Treasury is prohibited from using general fund revenues or borrowed funds to purchase or guarantee any asset or obligation of any such state, municipal,
(continued...)
Sponsored by: Rep. Francis Rooney
Introduced In House on 09/27/2019
Spread the world
US Congress 116th Congress
Financial Transparency Act of 2019 [HB-4476]
[Finance ]
[Technology and Innovation ]
[Data Privacy ]
Requires federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
Sponsored by: Rep. Mike Quigley
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 10/11/2019
Spread the world
US Congress 116th Congress
Cybersecurity and Financial System Resilience Act of 2019 [HB-4458]
[Cybersecurity ]
[Finance ]
[Technology and Innovation ]
Requires the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to each annually report on efforts to strengthen cybersecurity measures with respect to its regulatory functions.
Sponsored by: Rep. Tom Emmer
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/14/2020
Spread the world
US Congress 116th Congress
Options Market Stability Act of 2019 [HB-4233]
[Finance ]
Directs the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency to jointly issue a final rule addressing the method of calculating the risk, for purposes of satisfying capital rules applicable to depository institutions and depository institution holding companies, of certain options cleared through a central counterparty.
Sponsored by: Rep. Lance Gooden
Introduced In House on 09/06/2019
Spread the world
US Congress 116th Congress
Payments Modernization Act of 2019 [HB-3951]
[Finance ]
[Technology and Innovation ]
Requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user in real time, including funds deposited at a depository institution.
Sponsored by: Rep. Gregory W. Meeks
Introduced In House on 07/24/2019