,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcbh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj,ms4   
,tlaib 7= h]self1 ,ms4 ,pressley1 ,ms4  
,ocasio-,cortez1 ,mr4 ,san ,nicolas1    
,ms4 ,norton1 ,ms4 ,jayapal1 ,mr4       
,rask91 ,mr4 ,lev9 ( ,mi*igan1 ,mr4     
,g>ca ( ,ill9ois1 ,mrs4 ,c>olyn ,b4     
,maloney ( ,new ,york1 ,ms4 ,om>1 ,mr4  
,gre5 ( ,texas1 ,mr4 ,c>son ( ,indiana1 
,mrs4 ,watson ,coleman1 ,mr4 ,pocan1    
,ms4 ,velzquez1 ,mr4 ,neguse1 ,mr4      
,soto1 ,mr4 ,danny ,k4 ,davis (         
,ill9ois1 ,mr4 ,r\da1 ,mr4 ,nadl]1 ,ms4 
,adams1 ,ms4 ,g>cia ( ,texas1 & ,ms4    
,haal&7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to au?orize ,f$]al
 res]ve banks to pur*ase ,,covid-#ai    
relat$ municipal issuances1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,em]g5cy ,relief = ,/ate1  
,t]ritorial & ,local ,gov]nm5ts ,act (  
#bjbj4  #b4 ,pur*ase ( ,,covid-#ai      
relat$ municipal issuances  7a7 ,am5dm5t

 to au?ority ,to buy & sell bonds &     
notes ,section #ad7;b7 ( ! ,f$]al       
,res]ve ,act 7#ab ,u4,s4,c4 #cee7 is    
am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 by  
ins]t+ & dur+ unusual & exig5t          
circum/ances1 be=e bonds issu$2 &  7,b7 
by /rik+ ( #aicc & all t foll[s ?r\gh   
assur$ rev5ues2 &  7#b7 by add+ at ! end
 ! foll[+3  7#c7 ,/ate def9$ ,9 ?is     
section1 ! t]m ,/ate means ea* ( !      
sev]al ,/ates1 ! ,di/rict ( ,columbia1  
ea* t]ritory & possession ( ! ,unit$    
,/ates1 & ea* f$]ally recogniz$ ,indian 
,tribe4  4  7b7 ,f$]al ,res]ve          
au?orization ,to pur*ase ,,covid-#ai    
relat$ municipal issuances  7#a7        
,au?ority ,)9 sev5 days aft] ! date (   
enactm5t ( ?is subsection1 ! ,f$]al     
,res]ve ,bo>d ( ,gov]nors %all e/abli% a
 facility to buy & sell1 at home or     
abroad1 bills1 notes1 bonds1 & w>rants t
 are issu$ by any ,/ate or political    
subdivision !re( betwe5 ,m>* #a1 #bjbj1 
& ,july #a1 #bjba1 9 ord] to fund a     
public heal? or public s]vice response  

to ! ,,covid-#ai p&emic4 ,! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em may 
ext5d ! au?ority "u ?is subsection if ! 
,bo>d det]m9es necess>y4  7#b7 ,requir$ 
pur*ases ,! ,bo>d ( ,gov]nors ( ! ,f$]al
 ,res]ve ,sy/em %all e/abli% policies & 
proc$ures to require ! direct placem5t (
 bills1 notes1 bonds1 & w>rants describ$
 9 p>agraph 7#a7 ) ! ,bo>d at an int]e/ 
co/ t does n exce$ ! ,f$]al funds rate  
t>get = %ort-t]m int]bank l5d+1 )9 sev5 
days aft] ! date ( enactm5t ( ?is       
section4  7#c7 ,review ( sp5d+ ,dur+ !  
#c-ye> p]iod beg9n+ on ! date on :i* all
 pur*ases "u ?is section are complet$1  
relevant ,f$]al au?orities %all review  
su* pur*ases to det]m9e if funds 7      
div]t$ f legitimate public heal? or     
public s]vices responses to !           
,,covid-#ai p&emic to make su* pur*ase4 
,! relevant ,f$]al au?orities %all take 
appropriate action bas$ on f9d+s ( su*  
review4  7#d7 ,def9itions ,9 ?is        
subsection3 7,a7 ,public heal? or public
 s]vice response to ! ,,covid-#ai p&emic

 ,! t]m public heal? or public s]vice   
response to ! ,,covid-#ai p&emic means--
 7i7 ! pur*ase1 manufacture1 or deliv]y 
( m$ical equipm5t1 facilities1 or       
s]vices-- 7,i7 to treat or qu>ant9e     
,,covid-#ai pati5ts2  7,,ii7 to protect 
fir/ respond]s int]act+ ) su* pati5ts2  
or  7,,iii7 to te/ = ,,covid-#ai        
infections & track social contacts (    
pati5ts :o h te/$ positive = ! virus2   
7ii7 ! pur*ase1 manufacture1 or deliv]y 
( basic liv+ supports = individuals :o  
are n ,,covid-#ai pati5ts dur+ p]iods ( 
volunt>y or m&atory social di/anc+ or   
qu>ant9e design$ to prev5t ! spread (   
,,covid-#ai2 or  7iii7 ! ma9t5ance &    
deliv]y ( basic public s]vices to       
communities respond+ to ! public heal?  
or economic effects ( ! ,,covid-#ai     
p&emic4  7,b7 ,/ate ,! t]m ,/ate means  
ea* ( ! sev]al ,/ates1 ! ,di/rict (     
,columbia1 ea* t]ritory & possession ( !
 ,unit$ ,/ates1 & ea* f$]ally recogniz$ 
,indian ,tribe4