,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fgbi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #e1 #bjbj,mr4    
,david ,scott ( ,georgia 7= himself &   
,ms4 ,wat]s7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ! ,budget1 = a p]iod to be
 subsequ5tly det]m9$ by ! ,speak]1 9 ea*
 case = consid]ation ( su* provisions z 
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to e/abli% a       
,home[n] ,assi/ance ,fund to provide    
funds to ,/ate h\s+ f9ance ag5cies = !  
purpose ( prev5t+ home[n] mortgage      
defaults1 =eclosures1 & displacem5ts (  
individuals & families exp]i5c+ f9ancial
 h>d%ip1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z !         
,,covid-#ai ,home[n] ,assi/ance ,fund   
,act ( #bjbj4  #b4 ,home[n] ,assi/ance  
,fund  7a7 ,def9itions ,9 ?is section3  
7#a7 ,fund ,! t]m ,fund means ! ,home[n]
 ,assi/ance ,fund e/abli%$ "u subsection
 7b74  7#b7 ,secret>y ,! t]m ,secret>y  

means ! ,secret>y ( ! ,treasury4  7#c7  
,/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 ,home[n]    
,assi/ance ,fund to provide su* funds z 
are made available "u subsection 7g7 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 ,adm9i/ration 
,( any am\nts made available = ! ,fund1 
! ,secret>y ( ! ,treasury may allocate1 
9 ! aggregate1 an am\nt n exce$+ #e     
p]c5t-- 7,a7 to ! ,(fice ( ,f9ancial    
,/ability e/abli%$ "u section #aja7;a7 (
 ! ,em]g5cy ,economic ,/abilization ,act
 ( #bjjh 7#ab ,u4,s4,c4 #ebaa7;a77 to   
adm9i/] & ov]see ! ,fund1 & to provide  
te*nical assi/ance to ,/ates = !        

creation & implem5tation ( ,/ate        
programs to adm9i/] assi/ance f ! ,fund2
 &  7,b7 to ! ,inspector ,g5]al ( !     
,dep>tm5t ( ! ,treasury = ov]sight ( !  
program "u ?is section4  7#b7 ,= ,/ates 
,! ,secret>y %all e/abli% su* crit]ia z 
are necess>y to allocate ! funds        
available )9 ! ,fund = 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#c7 ,small ,/ate  
m9imum ,! am\nt allocat$ = ea* ,/ate    
%all n be less ?an #bej1jjj1jjj4  7#d7  
,set-aside = insul> areas ,not)/&+ any  
o!r provision ( ?is section1 ( ! am\nts 
appropriat$ "u subsection 7g71 !        
,secret>y %all res]ve #bjj1jjj1jjj to be
 disburs$ to ,guam1 ,am]ican ,samoa1 !  
,virg9 ,isl&s1 & ! ,nor!rn ,m>iana      
,isl&s bas$ on ea* su* t]ritory's %>e ( 
! comb9$ total population ( all su*     
t]ritories1 z det]m9$ by ! ,secret>y4 ,=
 ! purposes ( ?is p>agraph1 population  

%all be det]m9$ bas$ on ! mo/ rec5t ye> 
= :i* data are available f ! ,unit$     
,/ates ,c5sus ,bureau4  7#e7 ,set-aside 
= ,indian tribes & ,native ,hawaiians --
 7,a7 ,indian tribes ,not)/&+ any o!r   
provision ( ?is section1 ( ! am\nts     
appropriat$ "u subsection 7g71 !        
,secret>y %all use #e p]c5t to make     
grants 9 accordance ) subsection 7f7 to 
eligible recipi5ts = ! purposes describ$
 9 subsection 7e77#a74  7,b7 ,native    
,hawaiians ,( ! funds set aside "u      
subp>agraph 7,a71 ! ,secret>y %all use  
#j4c p]c5t to make grants to ! ,dep>tm5t
 ( ,hawaiian ,home ,l&s 9 accordance )  
subsection 7f7 = ! purposes describ$ 9  
subsection 7e77#a74  7d7 ,disbursem5t ( 
funds  7#a7 ,adm9i/ration ,except =     
am\nts made available = assi/ance "u    
subsection 7f71 ,/ate h\s+ f9ance       
ag5cies %all be prim>ily responsible =  
adm9i/]+ am\nts disburs$ f ! ,fund1 b   
may delegate responsibilities &         
sub-allocate am\nts to community        
developm5t f9ancial in/itutions & ,/ate 

ag5cies t adm9i/] ,l[-,income ,home     
,en]gy ,assi/ance ,program ( ! ,dep>tm5t
 ( ,heal? & ,human ,s]vices4  7#b7      
,notice ( fund+ ,! ,secret>y %all       
provide public notice ( ! am\nts t w be 
made available to ea* ,/ate & ! me?od   
us$ = det]m9+ su* am\nts n lat] ?an !   
expiration ( ! #ad-;day p]iod beg9n+ on 
! date ( ! enactm5t ( ?is ,act (        
enactm5t4  7#c7 ,,%fa plans  7,a7       
,eligibility ,to be eligible to receive 
fund+ allocat$ = a ,/ate "u ! section1 a
 ,/ate h\s+ f9ance ag5cy = ! ,/ate %all 
submit to ! ,secret>y a plan = !        
implem5tation ( ,/ate programs to       
adm9i/]1 9 "p or 9 full1 ! am\nt ( fund+
 ! ,/ate is eligible to receive1 :i*    
%all provide = ! comm5cem5t ( receipt ( 
applications by home[n]s = assi/ance1 & 
fund+ ( su* applications1 n lat] ?an !  
expiration ( ! #f-mon? p]iod beg9n+ ^u !
 approval "u ?is p>agraph ( su* plan4   
7,b7 ,multiple plans ,a ,/ate h\s+      
f9ance ag5cy may submit multiple plans1 
ea* cov]+ a sep>ate portion ( fund+ =   

:i* ! ,/ate is eligible4  7,c7 ,tim+ ,! 
,secret>y %all approve or disapprove a  
plan )9 #cj days aft] ! plan's          
submission &1 if disapprov$1 expla9 :y !
 plan c\ld n be approv$4  7,d7          
,disbursem5t ^u approval ,! ,secret>y   
%all disburse to a ,/ate h\s+ f9ance    
ag5cy ! appropriate am\nt ( fund+ ^u    
approval ( ! ag5cy's plan4  7,e7        
,am5dm5ts ,a ,/ate h\s+ f9ance ag5cy may
 subsequ5tly am5d a plan t has previ\sly
 be5 approv$1 provid$ t any plan am5dm5t
 %all be subject to ! approval ( !      
,secret>y4 ,! ,secret>y %all approve any
 plan am5dm5t or disapprove su* am5dm5t 
expla9 :y ! plan am5dm5t c\ld n be      
approv$ )9 #de days aft] submission to !
 ,secret>y ( su* am5dm5t4  7,f7         
,te*nical assi/ance ,! ,secret>y %all   
provide te*nical assi/ance = any ,/ate  
h\s+ f9ance ag5cy t twice fails to h a  
submitt$ plan approv$4  7e7 ,p]missible 
uses ( fund  7#a7 ,9 g5]al ,funds made  
available to ,/ate h\s+ f9ance ag5cies  
pursuant to ?is section may be us$ = !  

purposes e/abli%$ "u subsection 7b71 :i*
 may include-- 7,a7 mortgage paym5t     
assi/ance1 includ+ f9ancial assi/ance to
 all[ a borr[] to re9/ate _! mortgage or
 to a*ieve a m af=dable mortgage paym5t1
 :i* may include pr9cipal r$uction or   
rate r$uction1 provid$ t any mortgage   
paym5t assi/ance is tailor$ to a        
borr[]'s ne$s & _! ability to repay1 &  
takes into consid]ation ! loss          
mitigation options available to !       
borr[]2  7,b7 assi/ance ) paym5t (      
taxes1 haz>d insurance1 flood insurance1
 mortgage insurance1 or home[n]s'       
association fees2  7,c7 utility paym5t  
assi/ance1 includ+ electric1 gas1 wat]1 
& int]net s]vice1 includ+ broadb&       
int]net access s]vice 7z su* t]m is     
def9$ 9 section #h4a7;b7 ( title #dg1   
,code ( ,f$]al ,regulations 7or any     
successor regulation772  7,d7           
reimbursem5t ( funds exp5d$ 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 

! ,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,e7 any o!r assi/ance =    
home[n]s to prev5t eviction1 mortgage   
del9qu5cy or default1 =eclosure1 or !   
loss ( ess5tial utility s]vices4  7#b7  
,t>get+  7,a7 ,requirem5t ,n less ?an   
#fj p]c5t ( am\nts made available = ea* 
,/ate or o!r entity allocat$ am\nts "u  
subsection 7c7 %all be us$ = activities 
"u p>agraph 7#a7 t assi/ home[n]s hav+  
incomes equal to or less ?an #hj p]c5t (
 ! area m$ian income4  7,b7 ,det]m9ation
 ( income ,9 det]m9+ ! income ( a       
h\sehold = purposes ( ?is p>agraph1     
income %all be consid]$ to include only 
income t ! h\sehold is receiv+ at ! "t (
 application = assi/ance f ! ,fund & any
 income rec5tly t]m9at$ %all n be       
includ$1 except t = purposes ( h\seholds

 receiv+ assi/ance = arre>ages income   
%all include only ! income t ! h\sehold 
0 receiv+ at ! "t su* arre>ages 7       
incurr$4  7,c7 ,language assi/ance ,ea* 
,/ate h\s+ f9ance ag5cy or o!r entity   
allocat$ am\nts "u subsection 7c7 %all  
make available to ea* applicant =       
assi/ance f am\nts f ! ,fund language   
assi/ance 9 any language t su* language 
assi/ance is available 9 & %all provide 
notice to ea* su* applicant t su*       
language assi/ance is available4  7#c7  
,adm9i/rative exp5ses ,n m ?an #ae 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  
,tribal & ,native ,hawaiian assi/ance   
7#a7 ,def9itions ,9 ?is subsection3 7,a7
 ,dep>tm5t ( ,hawaiian home l&s ,! t]m  
,dep>tm5t ( ,hawaiian ,home ,l&s has !  
mean+ giv5 ! t]m 9 section #hja ( !     

,native ,am]ican ,h\s+ ,assi/ance &     
,self-,det]m9ation ,act ( #aiif 7#db    
,u4,s4,c4 #dbba74  7,b7 ,eligible       
recipi5t ,! t]m eligible recipi5t means 
any entity eligible to receive a grant  
"u section #aja ( ! ,native ,am]ican    
,h\s+ ,assi/ance & ,self-,det]m9ation   
,act ( #aiif 7#be ,u4,s4,c4 #daaa74     
7#b7 ,requirem5ts  7,a7 ,allocation     
,except = ! funds set aside "u          
subsection 7c77#e77;,b71 ! ,secret>y    
%all allocate ! funds set aside "u      
subsection 7c77#e77;,a7 us+ ! allocation
 =mula describ$ 9 subp>t ,d ( "p #ajjj (
 title #bd1 ,code ( ,f$]al ,regulations 
7or any successor regulations74  7,b7   
,native ,hawaiians ,! ,secret>y %all use
 ! funds made available "u subsection   
7c77#e77;,b7 9 accordance ) "p #ajjf (  
title #bd1 ,code ( ,f$]al ,regulations  
7or successor regulations74  7#c7       
,transf] ,! ,secret>y %all transf] any  
funds made available "u subsection      
7c77#e7 t h n be5 allocat$ by an        
eligible recipi5t or ! ,dep>tm5t (      

,hawaiian ,home ,l&s1 z applicable1 to  
provide ! assi/ance describ$ 9          
subsection 7e77#a7 by ,decemb] #ca1     
#bjcj1 to ! ,secret>y ( ,h\s+ & ,urban  
,developm5t to c>ry out ! ,native       
,am]ican ,h\s+ ,assi/ance &             
,self-,det]m9ation ,act ( #aiif 7#be    
,u4,s4,c4 #daja et seq474  7g7 ,fund+   
7#a7 ,appropriation ,!re is appropriat$1
 out ( any funds 9 ! ,treasury n o!rwise
 appropriat$1 to ! ,home[n] ,assi/ance  
,fund e/abli%$ "u subsection 7b71       
#ge1jjj1jjj1jjj1 to rema9 available     
until exp5d$ or transf]r$ or cr$it$ "u  
subsection 7i74  7#b7 ,em]g5cy          
designation ,am\nts specifi$ "u         
subsection 7a7 are designat$ by !       
,congress z be+ = an em]g5cy requirem5t 
pursuant to section #bea7;b77#b77;,a77i7
 ( ! ,balanc$ ,budget & ,em]g5cy        
,deficit ,control ,act ( #aihe4  7h7    
,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 7i74  7i7           
,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$]al ,h\s+ ,ent]prises ,f9ancial    
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defh72 &  7#b7 ?irty-five    
p]c5t %all be transf]r$ or cr$it$ to !  
,capital ,magnet ,fund "u section #acci 
( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial  
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defi74  7j7 ,report+         
requirem5ts ,! ,secret>y %all provide   
public reports n less frequ5tly ?an     
qu>t]ly reg>d+ ! use ( funds provid$ by 
! ,home[n] ,assi/ance ,fund4 ,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/$2
  7#d7 ! acceptance rate ( applicants2  
7#e7 ! type or types ( assi/ance provid$
 to ea* h\sehold2  7#f7 :e!r ! h\sehold 
assi/$ _h a f$]ally back$ loan &        
id5tification ( ! ,f$]al entity back+   
su* loan2  7#g7 ! av]age am\nt ( fund+  

provid$ p] h\sehold receiv+ assi/ance & 
p] type ( assi/ance provid$2  7#h7 !    
av]age numb] ( mon?ly paym5ts t 7 cov]$ 
by ! fund+ am\nt t a h\sehold receiv$1 z
 applicable1 disaggregat$ by type (     
assi/ance provid$2  7#i7 ! income level 
( ea* h\sehold receiv+ assi/ance2 &     
7#aj7 ! outcome #ab mon?s aft] !        
h\sehold has receiv$ assi/ance4  ,ea*   
report "u ?is subsection %all           
disaggregate ! in=mation provid$ "u     
p>agraphs 7#c7 ?r\gh 7#aj7 by ,/ate1 zip
 code1 racial & e?nic composition ( !   
h\sehold1 & :e!r or n ! p]son f !       
h\sehold apply+ = assi/ance speaks      
,engli% z a second language4