,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcff  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj,mr4   
,san ,nicolas introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
p]mit1 due to ! ,,covid-#ai em]g5cy1    
,f$]al f9ancial regulators to all[ = !  
tempor>y waiv] ( requirem5ts t a ,/ate1 
t]ritory1 or local gov]nm5t provide     
mat*+ or co/-%>+ funds be=e receiv+ a   
grant f a ,f$]al f9ancial regulator1 to 
all[ = c]ta9 reprogramm+ ( funds to     
support unemploym5t1 *ildc>e1 & heal?c>e
 programs1 & = o!r purposes4  #a4       
,tempor>y waiv] & reprogramm+ au?ority  
7a7 ,waiv] au?ority  7#a7 ,9 g5]al ,)   
respect to a cov]$ grant aw>d$ to a     
,/ate1 t]ritory1 or local gov]nm5t by a 
,f$]al f9ancial regulator1 ! ,f$]al     
f9ancial regulator may1 ^u reque/1 waive
 any mat*+ or co/-%>+ requirem5ts )     
respect to su* grant until ,janu>y #a1  
#bjbc4  7#b7 ,requirem5ts = waiv]       
recipi5ts ,a ,/ate1 t]ritory1 or local  

gov]nm5t grant$ a waiv] ) respect to a  
grant "u subsection 7a7 %all waive any  
mat*+ or co/-%>+ requirem5ts t su*      
gov]nm5t imposes on sub-grantees on su* 
grant until ,janu>y #a1 #bjbc4  7b7     
,reprogramm+ au?ority  7#a7 ,9 g5]al ,) 
respect to a cov]$ grant aw>d$ to a     
,/ate1 t]ritory1 or local gov]nm5t by a 
,f$]al f9ancial regulator1 ! ,f$]al     
f9ancial regulator may1 ^u reque/1 p]mit
 ! ,/ate1 t]ritory1 or local gov]nm5t to
 reprogram aw>d$ grant funds = purposes 
relat$ to unemploym5t1 *ildc>e1 &       
heal?c>e1 if ! majority ( normally fund$
 activities "u su* grant are n 9 areas  
relat$ to unemploym5t1 *ildc>e1 &       
heal?c>e4  7#b7 ,consid]ation = future  
grants ,any grantee 7or sub-grantee7 )  
respect to :i* a ,f$]al f9ancial        
regulator all[s to reprogram funds "u   
p>agraph 7#a7 %all be giv5 priority by  
su* ,f$]al f9ancial regulator = future  
aw>ds ( ! type reprogramm$4  7c7        
,def9itions ,9 ?is section3 7#a7 ,cov]$ 
grants ,! t]m cov]$ aw>d means a grant--

 7,a7 t 0 aw>d$ to a ,/ate1 t]ritory1 or
 local gov]nm5t be=e ! date ( enactm5t (
 ?is ,act & "u :i* ! ,/ate1 t]ritory1 or
 local gov]nm5t may /ill receive        
additional grant am\nts2 or  7,b7 )     
respect to :i* ! p]iod ( p]=mance does n
 expire be=e ,janu>y #a1 #bjbc4  7#b7   
,f$]al f9ancial regulator ,! t]m ,f$]al 
f9ancial regulator means ! ,bo>d (      
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  
,bureau ( ,consum] ,f9ancial            
,protection1 ! ,dep>tm5t ( ,h\s+ &      
,urban ,developm5t1 ! ,dep>tm5t ( !     
,treasury 7o!r ?an ! ,int]nal ,rev5ue   
,s]vice71 ! ,f$]al ,deposit ,insurance  
,corporation1 ! ,(fice ( ! ,comptroll] (
 ! ,curr5cy1 ! ,national ,cr$it ,union  
,adm9i/ration1 & ! ,securities &        
,ex*ange ,commission4