H. R. — To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from waiving provisions
Summary
This discussion draft of a bill in the 116TH CONGRESS would prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from waiving provisions related to COVID–19 emergency relief and taxpayer protections related to such relief. Section 1, Prohibition on Waivers, amends Section 4003(c)(3)(A)(iii) of the CARES Act. The added text states that the Secretary and the Board of Governors of the Federal Reserve System may not waive any requirement under this section or of a rule issued to carry out this section.
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“H. R. — To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from waiving provisions.”
Original at docs.house.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-116hr6852ih-4c2f73eb11a3/
, SHA-256 4c2f73eb11a3746595d185c428d04bb17d0077f70e45b3a7133289ed9c227a52.Full text
G:\CMTE\FS\16\BANK\NO_WAIVER.XML
[DISCUSSION DRAFT]
H. R. ll
116TH CONGRESS
2D SESSION
To prohibit the Secretary of the Treasury and the Board of Governors
of the Federal Reserve System from waiving provisions related to
COVID–19 emergency relief and taxpayer protections related to such
relief.
IN THE HOUSE OF REPRESENTATIVES
Ml. llllll introduced the following bill; which was referred to the
Committee on llllllllllllll
A BILL
To prohibit the Secretary of the Treasury and the Board
of Governors of the Federal Reserve System from
waiving provisions related to COVID–19 emergency relief
and taxpayer protections related to such relief.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. PROHIBITION ON WAIVERS.
4 Section 4003(c)(3)(A)(iii) of the CARES Act (15
5 U.S.C. 9042(c)(3)(A)(iii)) is amended to read as follows:
6 ‘‘(iii) PROHIBITION ON WAIVERS.—
7 The Secretary and the Board of Governors
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2
1 of the Federal Reserve System may not
2 waive any requirement under this section
3 or of a rule issued to carry out this sec-
4 tion.’’.
g:\VHLC\050520\050520.283.xml (760657|4)
May 5, 2020 (4:51 p.m.)
VerDate Mar 15 2010 16:51 May 05, 2020 Jkt 000000 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 C:\USERS\MWBARKSDALE\APPDATA\ROAMING\SOFTQUAD\XMETAL\7.0\GEN\C\NO_W
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