Democrats Want $100 Billion for Rental Assistance in Next Virus Relief Package

Sen. Elizabeth Warren (R) (D-Mass.), a member of the Senate Banking Committee, and Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, express their outrage to reporters that a huge, $1.1 trillion spending bill approved by the Republican-controlled House yesterday contains changes to the 2010 Dodd-Frank law that regulates complex financial instruments known as derivatives, Wednesday, Dec. 10, 2014, on Capitol Hill in Washington. Democratic support for the omnibus bill funding every corner of government faded Wednesday as liberal lawmakers erupted over a provision that weakens the regulation of risky financial instruments and another that allows more money to flood into political parties. AP Photo/J. Scott Applewhite

Top Democrats in the House and Senate introduced legislation to appropriate $100 billion for a Rental Assistance Program so renters can retain their housing during and after pandemic.

United States Sen. Elizabeth Warren (D-Mass.); Sen. Sherrod Brown (D-Ohio), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs; Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Committee on Financial Services; and Congressman Denny Heck (D-Wash.) announced the Emergency Rental Assistance and Rental Market Stabilization Act of 2020 on May 10.