Legis Daily

Uniform Treatment of NRSROs Act

USA116th CongressHR-6934| House 
| Updated: 9/22/2020
Madeleine Dean

Madeleine Dean

Democratic Representative

Pennsylvania

Cosponsors (27)
David Kustoff (Republican)Joyce Beatty (Democratic)Steve Stivers (Republican)Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Lance Gooden (Republican)David Scott (Democratic)Terri A. Sewell (Democratic)Wm. Lacy Clay (Democratic)Vicente Gonzalez (Democratic)Barry Loudermilk (Republican)Al Green (Democratic)Andy Barr (Republican)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Trey Hollingsworth (Republican)Brad Sherman (Democratic)Blaine Luetkemeyer (Republican)Denny Heck (Democratic)Norma J. Torres (Democratic)Maxine Waters (Democratic)Bill Huizenga (Republican)Bill Posey (Republican)Josh Gottheimer (Democratic)Ed Perlmutter (Democratic)Ted Budd (Republican)Bryan Steil (Republican)

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.

Bill Text Versions

View Text
3 versions available

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


  • May 19, 2020
    Referred to the House Committee on Financial Services.


  • September 21, 2020
    Mr. Sherman moved to suspend the rules and pass the bill, as amended.


  • September 21, 2020
    Considered under suspension of the rules. (consideration: CR H4602-4603)


  • September 21, 2020
    DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.


  • September 21, 2020
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.


  • September 21, 2020
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)


  • September 21, 2020
    Motion to reconsider laid on the table Agreed to without objection.


  • September 22, 2020
    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.

Bill Text Versions

View Text
3 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

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


  • May 19, 2020
    Referred to the House Committee on Financial Services.


  • September 21, 2020
    Mr. Sherman moved to suspend the rules and pass the bill, as amended.


  • September 21, 2020
    Considered under suspension of the rules. (consideration: CR H4602-4603)


  • September 21, 2020
    DEBATE - The House proceeded with forty minutes of debate on H.R. 6934.


  • September 21, 2020
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.


  • September 21, 2020
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4602)


  • September 21, 2020
    Motion to reconsider laid on the table Agreed to without objection.


  • September 22, 2020
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Madeleine Dean

Madeleine Dean

Democratic Representative

Pennsylvania

Cosponsors (27)
David Kustoff (Republican)Joyce Beatty (Democratic)Steve Stivers (Republican)Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Lance Gooden (Republican)David Scott (Democratic)Terri A. Sewell (Democratic)Wm. Lacy Clay (Democratic)Vicente Gonzalez (Democratic)Barry Loudermilk (Republican)Al Green (Democratic)Andy Barr (Republican)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Trey Hollingsworth (Republican)Brad Sherman (Democratic)Blaine Luetkemeyer (Republican)Denny Heck (Democratic)Norma J. Torres (Democratic)Maxine Waters (Democratic)Bill Huizenga (Republican)Bill Posey (Republican)Josh Gottheimer (Democratic)Ed Perlmutter (Democratic)Ted Budd (Republican)Bryan Steil (Republican)

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