3.0.0 6253 2022-02-09T02:28:08Z 2022-02-09T02:28:08Z House HR 2020-03-12 116 [Congressional Record Volume 166, Number 48 (Thursday, March 12, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 6253.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 To regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes;Article I, Section 8, Clause 18 To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H1671]]]> hsif00 Energy and Commerce Committee House Standing Referred to 2020-03-12T13:05:10Z hsba00 Financial Services Committee House Standing Referred to 2020-03-12T13:05:05Z 2020-03-12 Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, 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. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2020-03-12 Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-03-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-12 Introduced in House IntroReferral 1000 9 Library of Congress M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2020-03-12 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2020-03-12 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2020-03-12 True H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2020-03-12 True Finance and Financial Sector Cardiovascular and respiratory health Congressional oversight Educational technology and distance education Emergency medical services and trauma care Financial services and investments Government studies and investigations Health promotion and preventive care Health technology, devices, supplies Immunology and vaccination Infectious and parasitic diseases Internet and video services Internet, web applications, social media Research and development Securities Finance and Financial Sector 00 2020-03-12 Introduced in House 2020-04-17T15:20:36Z Crowdfunding to Combat the Coronavirus Act

This bill (1) establishes an award for the successful development of a vaccine for the coronavirus (i.e., the virus that causes COVID-19), and (2) extends specified Securities and Exchange Commission (SEC) registration exemptions to issuers of securities responding to the COVID-19 outbreak.

The bill provides appropriations for the purpose of awarding a prize to the creator of a vaccine that (1) reduces the incidence and mortality rate of COVID-19 by more than 50%, and (2) is affordable and widely available to the public.

Additionally, an issuer of securities that is developing a coronavirus vaccine, researching or producing medical equipment related to COVID-19, or researching or producing technology related to preventing the spread of COVID-19 may qualify for an exemption from SEC registration requirements regardless of the size of the issuer's offers or sales. Furthermore, these issuers are not subject to joint and several liability for certain claims.

The provisions set forth in this bill expire the earlier of (1) the date the prize is awarded, or (2) three years after enactment.

The Government Accountability Office must report on the bill's effects.

]]> Crowdfunding to Combat the Coronavirus Act Display Title Crowdfunding to Combat the Coronavirus Act Official Title as Introduced To expand certain securities exemptions to respond to COVID-19, to establish an X-prize for creating an effective COVID-19 vaccine, and for other purposes. Introduced in House IH Short Title(s) as Introduced Crowdfunding to Combat the Coronavirus Act Introduced in House IH Introduced in House 2020-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6253ih/xml/BILLS-116hr6253ih.xml 2020-03-12 Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.