US Congress House Bill 6934 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on September 22 2020 - 50% progression, died in committee
Action: 2020-09-22 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Provides for the uniform treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations registered with 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.

Uniform Treatment of NRSROs Act

Rep. Madeleine Dean [D-PA]	Rep. Maxine Waters [D-CA]	Rep. Garland Barr [R-KY]	Rep. Carolyn Maloney [D-NY]
Rep. David Kustoff [R-TN]	Rep. Ann Wagner [R-MO]	Sen. Ted Budd [R-NC]	Rep. Bryan Steil [R-WI]
Rep. Brad Sherman [D-CA]	Rep. Bill Posey [R-FL]	Rep. Denny Heck [D-WA]	Rep. Joseph Morelle [D-NY]
Rep. Emanuel Cleaver [D-MO]	Rep. Bill Huizenga [R-MI]	Rep. Barry Loudermilk [R-GA]	Rep. Ed Perlmutter [D-CO]
Rep. Steve Stivers [R-OH]	Rep. Blaine Luetkemeyer [R-MO]	Rep. Vicente Gonzalez [D-TX]	Rep. David Scott [D-GA]
Rep. Terri Sewell [D-AL]	Rep. Joyce Beatty [D-OH]	Rep. Al Green [D-TX]	Rep. Lacy Clay [D-MO]
Rep. Josh Gottheimer [D-NJ]	Rep. Trey Hollingsworth [R-IN]	Rep. Norma Torres [D-CA]	Rep. Lance Gooden [R-TX]

Date	Chamber	Action
2020-09-22	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2020-09-21	House	Motion to reconsider laid on the table Agreed to without objection.
2020-09-21	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)
2020-09-21	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.
2020-09-21	House	Considered under suspension of the rules. (consideration: CR H4602-4603)
2020-09-21	House	Mr. Sherman moved to suspend the rules and pass the bill, as amended.
2020-05-19	House	Referred to the House Committee on Financial Services.
2020-05-19	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6934/all-info
Text	https://www.congress.gov/116/bills/hr6934/BILLS-116hr6934ih.pdf
Text	https://www.congress.gov/116/bills/hr6934/BILLS-116hr6934eh.pdf