Ways and Means Committee, Financial Services Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Automatic Boost to Communities Act This bill creates the Boost Communities Program to provide monthly aid during and after the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, the program provides (1) $2,000 a month to individuals during the emergency and for a specified time period afterward, and (2) $1,000 a month to individuals during the following year. The program also provides targeted supplemental assistance for at-risk populations. The bill provides for the distribution of these funds through direct deposit, debit cards, and the establishment of digital dollar wallets. The Department of the Treasury is directed to mint and issue two $1 trillion platinum coins and additional coins as needed to fund the program. The Federal Reserve is directed to purchase the coins.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, 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.
Introduced in House
Referred to the Committee on Ways and Means, 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.
Finance and Financial Sector
Administrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalBanking and financial institutions regulationCardiovascular and respiratory healthCurrencyDepartment of the TreasuryEconomic performance and conditionsEmergency medical services and trauma careFederal Reserve SystemGovernment information and archivesGovernment studies and investigationsIncome tax ratesInfectious and parasitic diseasesPostal servicePoverty and welfare assistanceSecuritiesUnemployment
Automatic Boost to Communities Act
USA116th CongressHR-6553| House
| Updated: 4/17/2020
Automatic Boost to Communities Act This bill creates the Boost Communities Program to provide monthly aid during and after the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, the program provides (1) $2,000 a month to individuals during the emergency and for a specified time period afterward, and (2) $1,000 a month to individuals during the following year. The program also provides targeted supplemental assistance for at-risk populations. The bill provides for the distribution of these funds through direct deposit, debit cards, and the establishment of digital dollar wallets. The Department of the Treasury is directed to mint and issue two $1 trillion platinum coins and additional coins as needed to fund the program. The Federal Reserve is directed to purchase the coins.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Ways and Means, 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.
Introduced in House
Referred to the Committee on Ways and Means, 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.
Ways and Means Committee, Financial Services Committee
Finance and Financial Sector
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Administrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalBanking and financial institutions regulationCardiovascular and respiratory healthCurrencyDepartment of the TreasuryEconomic performance and conditionsEmergency medical services and trauma careFederal Reserve SystemGovernment information and archivesGovernment studies and investigationsIncome tax ratesInfectious and parasitic diseasesPostal servicePoverty and welfare assistanceSecuritiesUnemployment