,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fcff  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bc1 #bjbj,mr4
 ,san ,nicolas introduced the following 
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to permit1 due to the          
,,covid-#ai emergency1 ,federal         
financial regulators to allow for the   
temporary waiver of requirements that a 
,state1 territory1 or local government  
provide matching or cost-sharing funds  
before receiving a grant from a ,federal
 financial regulator1 to allow for      
certain reprogramming of funds to       
support unemployment1 childcare1 and    
healthcare programs1 and for other      
purposes4  #a4 ,temporary waiver and    
reprogramming authority  7a7 ,waiver    
authority  7#a7 ,in general ,with       
respect to a covered grant awarded to a 
,state1 territory1 or local government  
by a ,federal financial regulator1 the  
,federal financial regulator may1 upon  
request1 waive any matching or          

cost-sharing requirements with respect  
to such grant until ,january #a1 #bjbc4 
7#b7 ,requirements for waiver recipients
 ,a ,state1 territory1 or local         
government granted a waiver with respect
 to a grant under subsection 7a7 shall  
waive any matching or cost-sharing      
requirements that such government       
imposes on sub-grantees on such grant   
until ,january #a1 #bjbc4  7b7          
,reprogramming authority  7#a7 ,in      
general ,with respect to a covered grant
 awarded to a ,state1 territory1 or     
local government by a ,federal financial
 regulator1 the ,federal financial      
regulator may1 upon request1 permit the 
,state1 territory1 or local government  
to reprogram awarded grant funds for    
purposes related to unemployment1       
childcare1 and healthcare1 if the       
majority of normally funded activities  
under such grant are not in areas       
related to unemployment1 childcare1 and 
healthcare4  7#b7 ,consideration for    
future grants ,any grantee 7or          

sub-grantee7 with respect to which a    
,federal financial regulator allows to  
reprogram funds under paragraph 7#a7    
shall be given priority by such ,federal
 financial regulator for future awards  
of the type reprogrammed4  7c7          
,definitions ,in this section3 7#a7     
,covered grants ,the term covered award 
means a grant-- 7,a7 that was awarded to
 a ,state1 territory1 or local          
government before the date of enactment 
of this ,act and under which the ,state1
 territory1 or local government may     
still receive additional grant amounts2 
or  7,b7 with respect to which the      
period of performance does not expire   
before ,january #a1 #bjbc4  7#b7        
,federal financial regulator ,the term  
,federal financial regulator means the  
,board of ,governors of the ,federal    
,reserve ,system1 the ,bureau of        
,consumer ,financial ,protection1 the   
,department of ,housing and ,urban      
,development1 the ,department of the    
,treasury 7other than the ,internal     

,revenue ,service71 the ,federal        
,deposit ,insurance ,corporation1 the   
,office of the ,comptroller of the      
,currency1 the ,national ,credit ,union 
,administration1 and the ,securities and
 ,exchange ,commission4