Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Uniform Treatment of NRSROs Act This bill 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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H4602-4603)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H4602-4603)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresBusiness investment and capitalCardiovascular and respiratory healthCompetition and antitrustCongressional oversightCredit and credit marketsDepartment of the TreasuryEmergency medical services and trauma careFederal Reserve SystemGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesSecuritiesSmall business
Uniform Treatment of NRSROs Act
USA116th CongressHR-6934| House
| Updated: 9/22/2020
Uniform Treatment of NRSROs Act This bill 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.
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Administrative law and regulatory proceduresBusiness investment and capitalCardiovascular and respiratory healthCompetition and antitrustCongressional oversightCredit and credit marketsDepartment of the TreasuryEmergency medical services and trauma careFederal Reserve SystemGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesSecuritiesSmall business