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

2/8/2022, 11:39 PM

Congressional Summary of HR 6321

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.

Read the Full Bill

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Current Status of Bill HR 6321

Bill HR 6321 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6321 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6321's most recent activity was 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. as of March 23, 2020

Bipartisan Support of Bill HR 6321

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6321

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- 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

Alternate Title(s) of Bill HR 6321

Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
To provide financial protections and assistance for America's consumers, States, businesses, and vulnerable populations during the COVID-19 emergency and to recover from the emergency.
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act

Comments

Sponsors and Cosponsors of HR 6321

Maxine Waters
Maxine Waters
CaliforniaDemocrat

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