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Automatic Boost to Communities Act

Introduced: February 11, 2021 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
Feb 11, 2021
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.
Feb 11, 2021
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 bill provides $2,000 a month to individuals until the COVID-19 emergency declaration is terminated, or the national unemployment rate meets specified criteria, whichever is later. Furthermore, the bill provides $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 February 11, 2021

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 7
All 7 Democratic 7