Under the bill, rent and mortgage payments could be canceled for “all Americans regardless of income or employment status,” Fox News reports. The bill would also set up a massive fund for landlords and mortgage holders to cover losses from the canceled payments.
Source: Eric A. Blair
Rep. Ilhan Omar (D-MN) has introduced legislation to cancel rent and mortgage payments for millions of Americans as the coronavirus crisis continues to hamper the U.S. economy.
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Under the bill, rent and mortgage payments could be canceled for “all Americans regardless of income or employment status,” Fox News reports. The bill would also set up a massive fund for landlords and mortgage holders to cover losses from the canceled payments.
“The coronavirus crisis is more than just a public health crisis—it’s an economic crisis. Minnesotans are losing jobs, getting their hours reduced and struggling just to put food on the table,” Omar said in a statement. “We must take major action to protect the health and economic security of the most vulnerable, including the millions of Americans currently at risk of housing instability and homelessness.”
“Congress has a responsibility to…
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