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.
USA116th CongressHR-6852| House
| Updated: 5/13/2020
Alexandria Ocasio-Cortez
Democratic Representative
New York
Ways and Means Committee, Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
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.
Finance and Financial Sector
Administrative law and regulatory proceduresCardiovascular and respiratory healthCorporate finance and managementDepartment of the TreasuryEmergency medical services and trauma careFederal Reserve SystemGovernment lending and loan guaranteesInfectious and parasitic diseasesSecurities
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.
USA116th CongressHR-6852| House
| Updated: 5/13/2020
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
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.
Alexandria Ocasio-Cortez
Democratic Representative
New York
Ways and Means Committee, Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresCardiovascular and respiratory healthCorporate finance and managementDepartment of the TreasuryEmergency medical services and trauma careFederal Reserve SystemGovernment lending and loan guaranteesInfectious and parasitic diseasesSecurities