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H.R. 6852 (116th Congress) — To prohibit waiving provisions related to COVID–19 emergency relief

Summary

H.R. 6852 is a bill introduced in the House of Representatives on May 13, 2020, by Ms. Ocasio-Cortez and referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means. It 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. Section 1 amends the CARES Act so that the Secretary and the Board may not waive any requirement under that section or of a rule issued to carry it out.

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Issuer
Congressional materials
Document type
Bills 116Hr6852Ih 92472Ec98420
Case
Bills 116Hr6852Ih 92472Ec98420

Cite this document

“H.R. 6852 (116th Congress) — To prohibit waiving provisions related to COVID–19 emergency relief.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-116hr6852ih-92472ec98420/, SHA-256 92472ec9842061dc9a017ede533a4c86ef1f6934caf8ffb15e57731da552ed28.

Full text

                                                                                                                                                                          I




                                                                       116TH CONGRESS
                                                                          2D SESSION
                                                                                                            H. R. 6852
                                                                       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
                                                                                                       MAY 13, 2020
                                                                       Ms. OCASIO-CORTEZ introduced the following bill; which was referred to the
                                                                           Committee on Financial Services, and in addition to the Committee on
                                                                           Ways and Means, 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




                                                                                                                 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




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                                                                         5 U.S.C. 9042(c)(3)(A)(iii)) is amended to read as follows:




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                                                                                                                                  2
                                                                         1                                        ‘‘(iii) PROHIBITION                      ON       WAIVERS.—

                                                                         2                                 The Secretary and the Board of Governors
                                                                         3                                 of the Federal Reserve System may not
                                                                         4                                 waive any requirement under this section
                                                                         5                                 or of a rule issued to carry out this sec-
                                                                         6                                 tion.’’.
                                                                                                                              Æ




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                                                                                   •HR 6852 IH

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