Keep Your Home and Prevent Homelessness Act of 2020

Keep Your Home and Prevent Homelessness Act of 2020

This bill allows the Department of the Treasury to use Troubled Asset Relief Program funds to provide assistance under the Department of Housing and Urban Development's Emergency Solutions Grant Program or under Treasury's Hardest Hit Fund Program.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8778 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 8778

To amend the Emergency Economic Stabilization Act of 2008 to authorize 
use of amounts under the Troubled Assets Relief Program to be used for 
     activities under the Emergency Solutions Grant Program of the 
  Department of Housing and Urban Development or the Hardest Hit Fund 
   Program of the Department of the Treasury, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 18, 2020

  Mrs. Torres of California introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Emergency Economic Stabilization Act of 2008 to authorize 
use of amounts under the Troubled Assets Relief Program to be used for 
     activities under the Emergency Solutions Grant Program of the 
  Department of Housing and Urban Development or the Hardest Hit Fund 
   Program of the Department of the Treasury, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keep Your Home and Prevent 
Homelessness Act of 2020''.

SEC. 2. USE OF TARP AMOUNTS.

    (a) In General.--The Emergency Economic Stabilization Act of 2008 
is amended by inserting after section 110 (12 U.S.C. 5220) the 
following new section:

``SEC. 110A. OTHER ASSISTANCE.

    ``Notwithstanding section 115(a), section 120, or any other 
provision of law, the Secretary may use any amounts made available 
under this title that are not otherwise obligated to provide assistance 
under the Emergency Solutions Grant Program under subtitle B of title 
IV of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11371 et 
seq.) or the Hardest Hit Fund Program of the Secretary under this 
title.''.
    (b) Clerical Amendment.--The table of contents in section 1(b) of 
the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 note) 
is amended by inserting after the item relating to section 110 the 
following new item:

``110A. Other assistance.''.
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