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Bill116th CongressFiled Apr 17, 2020Finance and Financial Sector
H.R. 6553

Automatic Boost to Communities Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in house (Apr 17, 2020)

Automatic Boost to Communities Act

This bill creates the Boost Communities Program to provide monthly aid during and after the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, the program provides (1) $2,000 a month to individuals during the emergency and for a specified time period afterward, and (2) $1,000 a month to individuals during the following year. The program also provides targeted supplemental assistance for at-risk populations.

The bill provides for the distribution of these funds through direct deposit, debit cards, and the establishment of digital dollar wallets.

The Department of the Treasury is directed to mint and issue two $1 trillion platinum coins and additional coins as needed to fund the program. The Federal Reserve is directed to purchase the coins.

What just happenedApr 17, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.

Who’s behind it

Rep. Tlaib, Rashida [D-MI-13](D-MI)Sponsor
11 cosponsors11 D
Read on Congress.gov
11cosponsors2committees4actions18subjects
  1. Apr 17, 2020IntroReferralH11100

    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.

    Financial Services Committee
  2. Apr 17, 2020IntroReferralH11100

    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.

    Ways and Means Committee
  3. Apr 17, 2020IntroReferralIntro-H

    Introduced in House

  4. Apr 17, 2020IntroReferral1000

    Introduced in House

Automatic Boost to Communities Act — Informed