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MI HR0247
Resolution
Status
4/16/2020
Primary Sponsor
Kara Hope
Click for details
AI Summary
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Requests the U.S. Department of the Treasury to use its rulemaking authority to exempt CARES Act stimulus payments from garnishment by creditors and debt collectors.
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Emphasizes that COVID-19 pandemic closures have caused millions of Americans to lose income, with over one million Michigan residents filing for unemployment.
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Notes that stimulus payments are critical for families to cover necessary expenses like rent, utilities, and food during the economic crisis.
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States that the CARES Act grants the Treasury Department the power to issue regulations and guidance needed to implement the act, including designating payments as exempt from garnishment.
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Directs that copies of the resolution be transmitted to the U.S. Secretary of the Treasury and Michigan's congressional delegation.
Legislative Description
A resolution to memorialize the United States Department of the Treasury to use its rulemaking authority to exempt Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus payments from garnishment by creditors and debt collectors.
Last Action
Referred To Committee On Financial Services
4/16/2020