HR 6934
116th Congress
House
Finance and Financial Sector
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Uniform Treatment of NRSROs Act
Introduced: May 19, 2020
Introduced by:
Dean, Madeleine
Democratic
· Pennsylvania
See on congress.gov
Everywhere this bill has been
9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2020
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 21, 2020
Motion to reconsider laid on the table Agreed to without objection.
Sep 21, 2020
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)
Sep 21, 2020
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Sep 21, 2020
DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.
Sep 21, 2020
Considered under suspension of the rules. (consideration: CR H4602-4603)
Sep 21, 2020
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
May 19, 2020
Referred to the House Committee on Financial Services.
May 19, 2020
Introduced in House
Plain-English summary
Uniform Treatment of NRSROs Act
This bill provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with the Securities and Exchange Commission. This allows entities, securities, and other instruments with a credit rating from such an organization to use the rating to qualify for these aid programs.
Furthermore, the Government Accountability Office must report on credit rating quality across organizations, their effect on access to capital markets, and the implementation of this bill.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2