HR 6852
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.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to prevent the Treasury Secretary and the Federal Reserve Board from removing restrictions placed on COVID-19 relief programs. Specifically, it blocks them from waiving rules designed to protect taxpayers and limit how funds received through these programs can be used, such as restrictions on stock buybacks and dividend payments. The bill seeks to ensure that businesses receiving pandemic relief continue to adhere to these safeguards. It does this by amending a section of the CARES Act.
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Primary sponsor
Cosponsors
Carolyn B. Maloney
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