3.0.0 4586 2023-01-11T13:44:46Z 2023-01-11T13:44:46Z Senate S 2020-09-16 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-09-16T18:18:36Z 2020-09-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-09-16 Introduced in Senate IntroReferral 10000 9 Library of Congress S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC N S001191 Sen. Sinema, Kyrsten [D-AZ] Kyrsten Sinema D AZ 2020-09-16 True Finance and Financial Sector Cardiovascular and respiratory health Congressional oversight Credit and credit markets Emergency medical services and trauma care Financial services and investments Government information and archives Government studies and investigations Infectious and parasitic diseases Securities Small business Finance and Financial Sector 00 2020-09-16 Introduced in Senate 2020-10-13T20:36:25Z Access to Emergency Credit Facilities Act of 2020

This bill provides for the treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations, retroactive to March 15, 2020. Specifically, the bill prohibits the requirement of a credit rating from a specific organization to qualify for these aid programs. Furthermore, a credit rating from an organization approved by the Securities and Exchange Commission must be accepted to qualify for these aid programs.

Additionally, the Government Accountability Office must report on the quality of credit ratings issued by these organizations, their effect on access to capital markets, and the implementation of this bill.

]]> Access to Emergency Credit Facilities Act of 2020 Display Title Access to Emergency Credit Facilities Act of 2020 Short Title(s) as Introduced Access to Emergency Credit Facilities Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to amend the CARES Act to require the uniform treatment of nationally recognized statistical rating organizations under certain programs carried out in response to the COVID-19 emergency, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4586is/xml/BILLS-116s4586is.xml 2020-09-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.