No Bailouts for Reparations Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4321 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 4321

  To prohibit the United States Government from providing bailouts or 
other financial assistance to any State or local government that enacts 
   any law providing reparations for slavery, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2023

 Mr. Babin (for himself, Mr. Nehls, Mr. Jackson of Texas, Mr. Duncan, 
Mr. Weber of Texas, Mr. Palmer, Mr. Walberg, Mr. Owens, Mr. Higgins of 
 Louisiana, Mr. Gosar, Mr. C. Scott Franklin of Florida, Mr. Self, Mr. 
   LaMalfa, and Mr. Fallon) introduced the following bill; which was 
       referred to the Committee on Oversight and Accountability

_______________________________________________________________________

                                 A BILL


 
  To prohibit the United States Government from providing bailouts or 
other financial assistance to any State or local government that enacts 
   any law providing reparations for slavery, 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 ``No Bailouts for Reparations Act''.

SEC. 2. PROHIBITION ON BAILOUTS FOR STATE AND LOCAL GOVERNMENTS 
              CARRYING OUT REPARATIONS PROGRAMS.

    (a) In General.--The United States Government, including the 
Federal Reserve System and independent agencies, may not provide any 
loan, grant, or other form of financial assistance to the government of 
any State or political subdivision thereof, or any agency or 
instrumentality of such a State or political subdivision, that enacts 
into law any program providing reparations on the basis of--
            (1) slavery; or
            (2) race, ethnicity, national origin, or historical 
        practices related thereto.
    (b) Application.--Subsection (a) shall only apply to the unit of 
government so enacting a reparations program.
                                 <all>