HR 6381 116th Congress House Finance and Financial Sector Bank accounts, deposits, capital Cardiovascular and respiratory health Economic performance and conditions Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Interest, dividends, interest rates Minority and disadvantaged businesses Poverty and welfare assistance

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: Green, Al Democratic · Texas See on congress.gov

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

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.

What's happening now March 24, 2020

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1