House Bill 6934
116th Congress(2019-2020)
Uniform Treatment of NRSROs Act
Active
Passed House on Sep 21, 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
6934
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.
checkPassed on September 21, 2020
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Summary
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 approved by 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.
September 22, 2020
September 21, 2020
May 19, 2020
09/22/2020
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/21/2020
Motion to reconsider laid on the table Agreed to without objection.
09/21/2020
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)
09/21/2020
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
09/21/2020
DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.
09/21/2020
Considered under suspension of the rules. (consideration: CR H4602-4603)
09/21/2020
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
05/19/2020
Referred to the House Committee on Financial Services.
05/19/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:52 PM