US SB4308 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 23 2020 - 25% progression, died in committee
Action: 2020-07-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 23 2020 - 25% progression, died in committee
Action: 2020-07-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Makes special districts eligible for the Coronavirus Relief Fund and the Municipal Liquidity Facility program. Specifically, the bill makes special districts eligible for payments from amounts paid to states from any new appropriations to the fund. A special district must submit a request for payment to the state with information demonstrating that the special district has experienced or is likely to experience during the COVID-19 (i.e., coronavirus disease 2019) emergency reduced revenue or operational funding derived from provided services, taxes, fees, or other sources of revenue; reduced indirect funding from the federal government, the state, or a unit of general government below the state level; or as a result of the COVID-19 emergency, increased expenditures necessary to continue operations. The Board of Governors of the Federal Reserve System shall include special districts as eligible issuers in the Municipal Liquidity Facility program, which was created in response to the COVID-19 emergency to buy municipal securities.
Title
Special Districts Provide Essential Services Act
Sponsors
Sen. Kyrsten Sinema [I-AZ] | Sen. John Cornyn [R-TX] | Sen. Kamala Harris [D-CA] | Sen. Dianne Feinstein [D-CA] |
Sen. Martha McSally [R-AZ] | Sen. Ron Wyden [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2020-07-23 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB7073 (Related) 2020-06-01 - Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, 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.
Subjects
Appropriations
Cardiovascular and respiratory health
Emergency medical services and trauma care
Federal Reserve System
Government information and archives
Government operations and politics
Government studies and investigations
Infectious and parasitic diseases
Securities
State and local finance
State and local government operations
Cardiovascular and respiratory health
Emergency medical services and trauma care
Federal Reserve System
Government information and archives
Government operations and politics
Government studies and investigations
Infectious and parasitic diseases
Securities
State and local finance
State and local government operations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4308/all-info |
Text | https://www.congress.gov/116/bills/s4308/BILLS-116s4308is.pdf |