,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fcfh ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #bc1 #bjbj,mr4 ,david ,scott ( ,georgia introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to e/abli% a ,h\s+ ,assi/ance ,fund4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/ate ,h\s+ ,relief ,act ( #bjbj4 #b4 ,h\s+ ,assi/ance ,fund 7a7 ,def9itions ,9 ?is section3 7#a7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 7#b7 ,/ate ,! t]m ,/ate means any ,/ate ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 any t]ritory ( ! ,unit$ ,/ates1 ,pu]to ,rico1 ,guam1 ,am]ican ,samoa1 ! ,virg9 ,isl&s1 & ! ,nor!rn ,m>iana ,isl&s4 7b7 ,e/abli%m5t ( fund ,!re is e/abli%$ at ! ,dep>tm5t ( ! ,treasury a ,h\s+ ,assi/ance ,fund to provide su* funds z are allocat$ 9 subsection 7f7 to ,/ate h\s+ f9ance ag5cies = ! purpose ( prev5t+ home[n] mortgage defaults1 =eclosures1 & displacem5ts ( individuals & families exp]i5c+ f9ancial h>d%ip aft] ,janu>y #ba1 #bjbj4 7c7 ,allocation ( funds 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury %all e/abli% su* crit]ia z are necess>y to allocate ! funds available )9 ! ,h\s+ ,assi/ance ,fund to ea* ,/ate4 ,! ,secret>y %all allocate su* funds among all ,/ates tak+ into consid]ation ! numb] ( unemploym5t claims )9 a ,/ate relative to ! nationwide numb] ( unemploym5t claims4 7#b7 ,small /ate m9imum ,ea* ,/ate %all receive no less ?an #abe1jjj1jjj = ! purposes e/abli%$ 9 subsection 7b74 7d7 ,disbursem5t ( funds 7#a7 ,initial disbursem5t ,! ,secret>y %all disburse to ! ,/ate h\s+ f9ance ag5cies n less ?an ( ! am\nt made available pursuant to ?is section1 & 9 accordance ) ! allocations e/abli%$ "u subsection 7c71 n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act4 ,! ,secret>y or designee %all ent] into a contract ) ea* ,/ate h\s+ f9ance ag5cy1 :i* may be am5d$ f "t to "t1 e/abli%+ ! t]ms ( ! use ( su* funds prior to ! disbursem5t ( su* funds4 7#b7 ,second disbursem5t ,! ,secret>y %all disburse all funds made available pursuant to ?is section1 & 9 accordance ) ! allocations e/abli%$ "u subsection 7c71 n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act4 7e7 ,p]missible uses ( fund 7#a7 ,9 g5]al ,funds made available to ,/ate h\s+ f9ance ag5cies pursuant to ?is section may be us$ = ! purposes e/abli%$ "u subsection 7b71 :i* may include-- 7,a7 mortgage paym5t assi/ance2 7,b7 f9ancial assi/ance to all[ a borr[] to re9/ate _! mortgage foll[+ a p]iod ( =be>ance2 7,c7 pr9cipal r$uction2 7,d7 utility paym5t assi/ance1 includ+ electric1 gas1 & wat] paym5t assi/ance2 7,e7 any program e/abli%$ "u ! ,h\s+ ,f9ance ,ag5cy ,innovation ,fund = ! ,h>de/ ,hit ,h\s+ ,m>kets2 7,f7 reimbursem5t ( funds exp5d$ by a ,/ate or local gov]nm5t dur+ ! p]iod beg9n+ on ,janu>y #ba1 #bjbj1 & end+ on ! date t ! fir/ funds are disburs$ by ! ,/ate "u ! ,h\s+ ,assi/ance ,fund1 = ! purpose ( provid+ h\s+ or utility assi/ance to individuals or o!rwise provid+ funds to prev5t =eclosure or eviction ( a home[n] or prev5t mortgage del9qu5cy or loss ( h\s+ or critical utilities z a response to ! coronavirus disease #bjai 7,,covid-#ai7 p&emic2 & 7,g7 any o!r assi/ance to prev5t eviction1 mortgage del9qu5cy or default1 =eclosure1 or ! loss ( ess5tial utility s]vices4 7#b7 ,adm9i/rative exp5ses ,n great] ?an #aj p]c5t ( ! am\nt allocat$ to a ,/ate pursuant to subsection 7c7 may be us$ by a ,/ate h\s+ f9anc+ ag5cy = adm9i/rative exp5ses4 ,any am\nts allocat$ to adm9i/rative exp5ses t are no long] necess>y = adm9i/rative exp5ses may be us$ 9 accordance ) p>agraph 7#a74 7f7 ,appropriation ,!re is appropriat$1 out ( am\nts 9 ! ,treasury n o!rwise appropriat$1 = ! fiscal ye> end+ ,septemb] #cj1 #bjbj1 to rema9 available until exp5d$ or transf]r$ or cr$it$ "u subsection 7h71 #ce1jjj1jjj1jjj to ! ,h\s+ ,assi/ance ,fund e/abli%$ "u subsection 7b74 7g7 ,use ( h\s+ f9ance ag5cy innovation fund = ! h>de/ hit h\s+ m>kets funds ,a ,/ate h\s+ f9ance ag5cy may reallocate any adm9i/rative or programmatic funds x has receiv$ z an allocation f ! ,h\s+ ,f9ance ,ag5cy ,innovation ,fund = ! ,h>de/ ,hit ,h\s+ ,m>kets creat$ pursuant to section #aja7;a7 ( ! ,em]g5cy ,economic ,/abilization ,act ( #bjjh 7#ab ,u4,s4,c4 #ebaa7;a77 t h n be5 o!rwise allocat$ or disburs$ z ( ! date ( enactm5t ( ?is ,act to supplem5t any adm9i/rative or programmatic funds receiv$ f ! ,h\s+ ,assi/ance ,fund4 ,su* reallocat$ funds %all n be consid]$ :5 allocat+ res\rces f ! ,h\s+ ,assi/ance ,fund us+ ! process e/abli%$ "u subsection 7c7 & %all rema9 available = ! uses p]mitt$ & "u ! t]ms & conditions e/abli%$ by ! contract ) ,secret>y creat$ pursuant to subsection 7d77#a7 & ! t]ms ( subsection 7h74 7h7 ,rescission ( funds ,any funds t h n be5 allocat$ by a ,/ate h\s+ f9ance ag5cy to provide assi/ance z describ$ "u subsection 7e7 by ,decemb] #ca1 #bjcj1 %all be reallocat$ by ! ,secret>y 9 ! foll[+ mann]3 7#a7 ,sixty-five p]c5t %all be transf]r$ or cr$it$ to ! ,h\s+ ,tru/ ,fund e/abli%$ "u section #acch ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #defh74 7#b7 ,?irty-five p]c5t %all be transf]r$ or cr$it$ to ! ,capital ,magnet ,fund "u section #acci ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #defi74 7i7 ,report+ requirem5ts ,! ,secret>y %all provide public reports n less frequ5tly ?an qu>t]ly reg>d+ ! use ( funds provid$ by ! ,h\s+ ,assi/ance ,funds4 ,su* reports %all include ! foll[+ data by ,/ate & by program )9 ea* ,/ate1 bo? = ! pa/ qu>t] & ?r\gh\t ! life ( ! program-- 7#a7 ! am\nt ( funds allocat$2 7#b7 ! am\nt ( funds disburs$2 7#c7 ! numb] ( h\seholds & individuals assi/$2 7#d7 ! acceptance rate ( applicants2 7#e7 ! av]age am\nt ( assi/ance provid$ p] h\sehold receiv+ assi/ance2 7#f7 ! av]age l5g? ( assi/ance provid$ p] h\sehold receiv+ assi/ance2 7#g7 ! income ranges ( h\seholds = ea* h\sehold receiv+ assi/ance2 & 7#h7 ! outcome #ab mon?s aft] ! h\sehold has receiv$ assi/ance4