Skip to main content
HR 6705 116th Congress House Government Operations and Politics Appropriations Cardiovascular and respiratory health Emergency medical services and trauma care Government information and archives Infectious and parasitic diseases Property tax Sales and excise taxes State and local finance State and local government operations State and local taxation Tax administration and collection, taxpayers

Coronavirus State and Local Financial Assistance Act

Introduced: May 5, 2020 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2020
Referred to the House Committee on Oversight and Reform.
May 5, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Coronavirus State and Local Financial Assistance Act

This bill (1) directs the Department of the Treasury to establish a State and Local Government Coronavirus Relief Program under which Treasury shall make monthly grants to states to make up for revenue lost from March 1-December 31, 2020, due to COVID-19 (i.e., coronavirus disease 2019) and social distancing steps taken by the state and its political subdivisions, and (2) appropriates $500 billion to carry out the program.

To be eligible to receive a grant, a state must (1) compile estimates for the revenue lost by the state and each political subdivision, and (2) submit an estimate to Treasury by the 20th of each month.

Treasury shall make grant payments to a state within 15 days of receiving a loss estimate.

The bill sets forth requirements with respect to pro rata distribution of funds, treatment of overpayments, and distribution to political subdivisions of a state.

What's happening now May 5, 2020

Referred to the House Committee on Oversight and Reform.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1