Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
117TH CONGRESS
1ST SESSION H. R. 2526
To enhance oversight of the implementation of subtitles B and C of title
III of the American Rescue Plan Act of 2021 by the Secretary of
the Treasury and the Secretary of Housing and Urban Development,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
APRIL 14, 2021
Mr. MCHENRY introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To enhance oversight of the implementation of subtitles B
and C of title III of the American Rescue Plan Act
of 2021 by the Secretary of the Treasury and the Sec-
retary of Housing and Urban Development, and for other
purposes.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. OVERSIGHT OF AMERICAN RESCUE PLAN AC-
3
TIVITIES.
4
(a)
SPECIAL
INSPECTOR
GENERAL.—Section
5
4018(c)(3) of the Coronavirus Economic Stabilization Act
6
of 2020 (15 U.S.C. 9053(c)(3)) is amended—
7
VerDate Sep 11 2014
08:53 May 28, 2021
Jkt 019200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H2526.IH
H2526
kjohnson on DSK79L0C42PROD with BILLS
2
•HR 2526 IH
(1) by striking ‘‘shall also’’ and inserting ‘‘shall
1
also—’’;
2
(2) by striking ‘‘have the duties’’ and inserting
3
the following:
4
‘‘(A) have the duties’’;
5
(3) by striking ‘‘(5 U.S.C. App.).’’ and inserting
6
‘‘(5 U.S.C. App.); and’’; and
7
(4) by adding at the end the following:
8
‘‘(B) conduct, supervise, and coordinate
9
audits and investigations of activities under-
10
taken by the Secretary, the Secretary of Hous-
11
ing and Urban Development, and the Secretary
12
of Agriculture pursuant to subtitles B and C of
13
title III of the American Rescue Plan Act of
14
2021 (and amendments made by such sub-
15
titles).’’.
16
(b) CONGRESSIONAL OVERSIGHT COMMISSION.—Sec-
17
tion 4020(b)(1) of the Coronavirus Economic Stabilization
18
Act of 2020 (15 U.S.C. 9055(b)(1)) is amended—
19
(1) in subparagraph (B), by striking ‘‘; and’’
20
and inserting a semicolon;
21
(2) in subparagraph (C), by striking the period
22
at the end and inserting ‘‘; and’’; and
23
(3) by adding at the end the following:
24
VerDate Sep 11 2014
08:53 May 28, 2021
Jkt 019200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H2526.IH
H2526
kjohnson on DSK79L0C42PROD with BILLS
3
•HR 2526 IH
‘‘(D) conduct oversight of the implementa-
1
tion of subtitles B and C of title III of the of
2
the American Rescue Plan Act of 2021 (and
3
amendments made by such subtitles) by the De-
4
partment of the Treasury and the Department
5
of Housing and Urban Development.’’.
6
(c) TESTIMONY.—Section 4026(c) of the Coronavirus
7
Economic Stabilization Act of 2020 (15 U.S.C. 9060(c))
8
is amended—
9
(1) by striking ‘‘The Secretary’’ and inserting
10
‘‘The Secretary, the Secretary of Housing and
11
Urban Development,’’;
12
(2) by striking ‘‘Department of the Treasury’’
13
and inserting ‘‘Department of the Treasury, Depart-
14
ment of Housing and Urban Development, and’’;
15
and
16
(3) by striking ‘‘this Act’’ and inserting ‘‘this
17
Act and subtitles B and C of title III of the Amer-
18
ican Rescue Plan Act of 2021 (and amendments
19
made by such subtitles)’’.
20
Æ
VerDate Sep 11 2014
08:53 May 28, 2021
Jkt 019200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\H2526.IH
H2526
kjohnson on DSK79L0C42PROD with BILLS