H.R.1030 - Automatic Boost to Communities Act117th Congress (2021-2022) |
|Sponsor:||Rep. Tlaib, Rashida [D-MI-13] (Introduced 02/11/2021)|
|Committees:||House - Ways and Means; Financial Services|
|Latest Action:||House - 02/11/2021 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1030 — 117th Congress (2021-2022)All Information (Except Text)
Introduced in House (02/11/2021)
Automatic Boost to Communities Act
This bill creates the Boost Communities Program to provide monthly aid during and after the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, the bill provides $2,000 a month to individuals until the COVID-19 emergency declaration is terminated, or the national unemployment rate meets specified criteria, whichever is later. Furthermore, the bill provides $1,000 a month to individuals during the following year. The program also provides targeted supplemental assistance for at-risk populations.
The bill provides for the distribution of these funds through direct deposit, debit cards, and the establishment of digital dollar wallets.
The Department of the Treasury is directed to mint and issue two $1 trillion platinum coins and additional coins as needed to fund the program. The Federal Reserve is directed to purchase the coins.