The U.S. House Financial Service Committee has introduced a bill that would provide comprehensive assistance to all states and territories struggling to cope with the coronavirus pandemic.
Guam Congressman Michael San Nicolas is the Vice-Chairman of the Committee. In a release this morning, he said the bill directs cash assistance, debt suspension, rent support, eviction restrictions, and many other provisions to ensure that everyone is able to make it through during these times.
H.R. 6321 has been dubbed “The Financial Protections for America’s Consumers, States, Businesses, and Vulnerable Populations Act.”
The bill sets the stage for recovery, said San Nicolas in his release saying it is “focused on the people who need it and the small businesses that make this country strong,”
READ the release from Congressman San Nicolas in FULL below:
For Immediate Release
Financial Services Committee rolls out comprehensive stimulus package
The Financial Service Committee, of which Guam sits as Vice Chair, introduced HR 6321 the Financial Protections for America’s Consumers, States, Businesses, and Vulnerable Populations Act.
“This measure includes individual components led by various members of the Financial Services Committee who came together to package comprehensive stimulus measures for all Americans,” opened Congressman San Nicolas.
“Territories are fully included, and we have also contributed to all of America by leading a provision to waive federal matching fund requirements for local governments, saving millions that can go to pressing needs in individual communities throughout the country,” Congressman San Nicolas added.
“For the people, we have direct cash assistance, debt suspension, rent support, eviction restrictions, and many other provisions to ensure that everyone is able to make it through during these times,” Congressman San Nicolas continued.
“With HR 6321 we have set the stage for this recovery package to be focused on the people who need it and the small businesses that make this country strong, truly an all-American response,” Congressman San Nicolas concludes.
Financial Services press release featuring the package:
Committee Democrats Roll Out Legislation to Provide Comprehensive Stimulus and Public Policy Response to Coronavirus Pandemic
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, led Committee Democrats in releasing the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321), legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic.