No Bailouts for Reparations Act

119 HR 2100 IH: No Bailouts for Reparations Act U.S. House of Representatives 2025-03-14 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 2100 IN THE HOUSE OF REPRESENTATIVES March 14, 2025 Mr. Babin introduced the following bill; which was referred to the Committee on Oversight and Government Reform 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. 1. Short title This Act may be cited as the No Bailouts for Reparations Act . 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. (c) Definition For purposes of this section, the term State means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, American Samoa, Guam, and the Northern Mariana Islands, or any other territory or possession of the United States.