Bill Sponsor
House Bill 6705
116th Congress(2019-2020)
Coronavirus State and Local Financial Assistance Act
Introduced
Introduced
Introduced in House on May 5, 2020
Overview
Text
Introduced
May 5, 2020
Latest Action
May 5, 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
6705
Congress
116
Policy Area
Government Operations and Politics
Government Operations and Politics
Primary focus of measure is government administration, including agency organization, contracting, facilities and property, information management and services; rulemaking and administrative law; elections and political activities; government employees and officials; Presidents; ethics and public participation; postal service. Measures concerning agency appropriations and the budget process may fall under Economics and Public Finance policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
Actions (2)
05/05/2020
Referred to the House Committee on Oversight and Reform.
05/05/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:01 PM