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.

I 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. 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 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. PROHIBITION ON WAIVERS. 3 Section 4003(c)(3)(A)(iii) of the CARES Act (15 4 U.S.C. 9042(c)(3)(A)(iii)) is amended to read as follows: 5 VerDate Sep 11 2014 04:29 May 30, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6852.IH H6852 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 6852 IH ‘‘(iii) PROHIBITION ON WAIVERS.— 1 The Secretary and the Board of Governors 2 of the Federal Reserve System may not 3 waive any requirement under this section 4 or of a rule issued to carry out this sec- 5 tion.’’. 6 Æ VerDate Sep 11 2014 04:29 May 30, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H6852.IH H6852 kjohnson on DSK79L0C42PROD with BILLS