Bill116th CongressFiled Mar 24, 2020Finance and Financial Sector
H.R. 6381
To require the Board of Governors of the Federal Reserve System to provide zero-interest loans to minority depository institutions and community development financial institutions to combat COVID-19, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 24, 2020)
This bill requires the Federal Reserve Board to provide interest-free loans to small minority depository institutions and small community development financial institutions during the COVID-19 (i.e., coronavirus disease 2019) emergency period. The board must charge interest on these loans beginning 18 months after the end of the emergency period.
What just happenedMar 24, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Green, Al [D-TX-9](D-TX)Sponsor
5 cosponsors5 D
5cosponsors1committees3actions2related bills9subjects
- Introduced in HouseMar 24, 2020
- Mar 24, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 24, 2020IntroReferralIntro-H
Introduced in House
- Mar 24, 2020IntroReferral1000
Introduced in House