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Proposal:Coronavirus Guidance for Financial Institutions Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Geographic Scope
National

Description

Coronavirus Guidance for Financial Institutions Act

This bill directs the Federal Reserve Board, the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to report on the effectiveness of the joint release issued by federal and state financial regulators on March 9, 2020, encouraging financial institutions to meet the needs of customers affected by the coronavirus (i.e., the virus that causes COVID-19).

Bill Title

Coronavirus Guidance for Financial Institutions Act

Linked Goals

Steps

  • 2020-03-12: Referred to the House Committee on Financial Services.
  • 2020-03-12: Introduced in House
  • 2020-03-12: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.