[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6852 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6852

To prohibit the Secretary of the Treasury and the Board of Governors of 
the Federal Reserve System from waiving provisions related to COVID-19 
   emergency relief and taxpayer protections related to such relief.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 13, 2020

Ms. Ocasio-Cortez introduced the following bill; which was referred to 
 the Committee on Financial Services, and in addition to the Committee 
 on Ways and Means, 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

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                                 A BILL


 
To prohibit the Secretary of the Treasury and the Board of Governors of 
the Federal Reserve System from waiving provisions related to COVID-19 
   emergency relief and taxpayer protections related to such relief.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON WAIVERS.

    Section 4003(c)(3)(A)(iii) of the CARES Act (15 U.S.C. 
9042(c)(3)(A)(iii)) is amended to read as follows:
                            ``(iii) Prohibition on waivers.--The 
                        Secretary and the Board of Governors of the 
                        Federal Reserve System may not waive any 
                        requirement under this section or of a rule 
                        issued to carry out this section.''.
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