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116-hr-6852116th Congress

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.

Sponsored By: Representative Ocasio-Cortez, Alexandria [D-NY-14]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Ocasio-Cortez, Alexandria [D-NY-14]

NY • D

Cosponsors

  • Rep. Pressley, Ayanna [D-MA-7]

    MA • D

    Sponsored 6/26/2020

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 6/26/2020

  • Rep. Maloney, Carolyn B. [D-NY-12]

    NY • D

    Sponsored 6/26/2020

Roll Call Votes

No roll call votes available for this bill.

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