Sponsors (13)
The bill trades removal of a statutory provision—potentially lowering some federal obligations—for withdrawing benefits or protections from the specific people or entities who relied on that provision.
No clear direct benefits to everyday Americans are created by this bill as drafted.
People or entities who previously relied on the removed subsection (c): they would lose statutory benefits or protections that they had depended on under that provision.
General taxpayers: by striking the subsection, federal obligations tied to that provision could be reduced, potentially lowering immediate federal outlays (which may modestly affect federal spending priorities or deficit measures).
Based on analysis of 2 sections of legislative text.
Strikes subsection (c) from Section 4024 of the CARES Act (15 U.S.C. 9058), removing that federal provision without adding new provisions or funding.
Removes subsection (c) from Section 4024 of the CARES Act (codified at 15 U.S.C. 9058), deleting whatever legal effect that subsection had. The bill does not add funding, new deadlines, or other regulatory requirements. The practical effect depends on what subsection (c) previously required or prohibited: if that subsection limited state or local housing laws, its removal would restore state/local authority; if it imposed a different rule, that specific federal rule would simply be repealed.
Introduced February 6, 2025 by Cindy Hyde-Smith · Last progress February 6, 2025