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Automatic Boost to Communities Act

Introduced: April 17, 2020 Introduced by: Tlaib, Rashida Democratic · Michigan See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 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.
Apr 17, 2020
Introduced in House
 Plain-English summary Congressional Research Service

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's happening now April 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.

 Committees of jurisdiction 2
 Cosponsors 9
All 9 Democratic 9