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H.R. 6381 116th Congress House

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,…

Official title: To require the Board of Governors of the Federal Reserve System to provide zero-interest loans to minority depository institutions and community development fi… Show full official titleShow less

Official title: 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.

Introduced: March 24, 2020 Introduced by: Al Green Democratic · Texas See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalCardiovascular and respiratory healthEconomic performance and conditionsEmergency medical services and trauma care
More subjectsShow fewer subjects
Government lending and loan guaranteesInfectious and parasitic diseasesInterest, dividends, interest ratesMinority and disadvantaged businessesPoverty and welfare assistance
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 24, 2020
Referred to the House Committee on Financial Services.
Mar 24, 2020
Introduced in House
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 Latest action March 24, 2020

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 6379 Workforce Emergency Response Act of 2020
  • HR 6321 Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Waters, Maxine
California · May 5, 2020
 D
Beatty, Joyce
Ohio · Mar 24, 2020
 D
Cleaver, Emanuel
Missouri · Mar 24, 2020
 D
Garcia, Sylvia R.
Texas · Mar 24, 2020
 D
Meeks, Gregory W.
New York · Mar 24, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). 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.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6381/
MLA
"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.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6381/.
Bluebook (legal)
H.R. 6381, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6381/.
Markdown link
[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.](https://openamerica.io/bill/116-HR-6381/)
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