ABSTRACT

HEROS Act, Division K--COVID-19 Housing, Economic Relief, and Oversight Act [June 29, 2020]   [open pdf - 1MB]

From the Document: "Many economic effects of the Coronavirus Disease 2019 (COVID-19) pandemic intensified in April and May 2020, including historically high levels of unemployment and related housing affordability issues, consumption and spending reductions, and state and local government financial strains. In an attempt to mitigate a range of issues stemming from COVID-19, the House of Representatives on May 15, 2020, passed the HEROES [Health and Economic Recovery Omnibus Emergency Solutions] Act (H.R. 6800), by a vote of 208 to 199. This wide-ranging bill, consisting of Divisions A through T, would provide a new round of economic stimulus checks to individuals and tax credits to certain COVID-19-affected businesses and employees; extend certain federal unemployment benefits; grant some student loan forgiveness; provide rental and mortgage assistance; provide certain health care equipment; and offer economic assistance to state and local governments, among other provisions. [...] This report provides an overview of the HEROES Act's Division K--the COVID-19 Housing, Economic Relief, and Oversight Act--which includes provisions for housing assistance, student loan forgiveness, the provision of medical equipment, credit reporting and debt collection, greater funding for Community Development Financial Institutions, and increased oversight of COVID19-related government loans to businesses, among other measures."

Report Number:
CRS Report for Congress, R46434
Author:
Publisher:
Date:
2020-06-29
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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