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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,…

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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
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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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 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.

 Related & companion bills 2
  • HR 6379 Related bill Workforce Emergency Response Act of 2020
  • HR 6321 Related bill 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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