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Bill116th CongressFiled May 19, 2020Finance and Financial Sector
H.R. 6934

Uniform Treatment of NRSROs Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Sep 21, 2020)

Uniform Treatment of NRSROs Act

This bill provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with the Securities and Exchange Commission. This allows entities, securities, and other instruments with a credit rating from such an organization to use the rating to qualify for these aid programs.

Furthermore, the Government Accountability Office must report on credit rating quality across organizations, their effect on access to capital markets, and the implementation of this bill.

What just happenedSep 22, 2020

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Dean, Madeleine [D-PA-4](D-PA)Sponsor
27 cosponsors15 D12 R
Read on Congress.gov
27cosponsors2committees10actions15subjects
  1. Sep 22, 2020IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Sep 21, 2020FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 21, 2020FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)

  4. Sep 21, 2020Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  5. Sep 21, 2020FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.

  6. Sep 21, 2020FloorH30000

    Considered under suspension of the rules. (consideration: CR H4602-4603)

  7. Sep 21, 2020FloorH30300

    Mr. Sherman moved to suspend the rules and pass the bill, as amended.

  8. May 19, 2020IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  9. May 19, 2020IntroReferralIntro-H

    Introduced in House

  10. May 19, 2020IntroReferral1000

    Introduced in House

Passed HouseSep 21, 202053

Uniform Treatment of NRSROs Act

This bill provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with the Securities and Exchange Commission. This allows entities, securities, and other instruments with a credit rating from such an organization to use the rating to qualify for these aid programs.

Furthermore, the Government Accountability Office must report on credit rating quality across organizations, their effect on access to capital markets, and the implementation of this bill.

Introduced in HouseMay 19, 2020

This bill provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations approved by the Securities and Exchange Commission. This allows entities, securities, and other instruments with a credit rating from such an organization to use the rating to qualify for these aid programs.

Furthermore, the Government Accountability Office must report on credit rating quality across organizations, their effect on access to capital markets, and the implementation of this bill.

Uniform Treatment of NRSROs Act — Informed