Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 6553
116th Congress(2019-2020)
Automatic Boost to Communities Act
Introduced
Introduced
Introduced in House on Apr 17, 2020
Overview
Text
Introduced
Apr 17, 2020
Latest Action
Apr 17, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6553
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Rashida Tlaib
Michigan
Democrat
Eleanor Holmes Norton
District of Columbia
Democrat
Alcee L. Hastings
Florida
Democrat
Kathy Castor
Florida
Democrat
Bobby L. Rush
Illinois
Democrat
Jan Schakowsky
Illinois
Democrat
Jesús Chuy García
Illinois
Democrat
Ayanna Pressley
Massachusetts
Democrat
Ilhan Omar
Minnesota
Democrat
Alexandria Ocasio-Cortez
New York
Democrat
Nydia Velazquez
New York
Democrat
Pramila Jayapal
Washington
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
Introduced in House
April 17, 2020
Actions (2)
04/17/2020
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.
04/17/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:10 PM
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