H.R. 2100: No Bailouts for Reparations Act

The "No Bailouts for Reparations Act" is a proposed piece of legislation in the United States aimed at restricting federal financial assistance to any state or local government that implements reparations programs related to slavery or any laws based on race, ethnicity, national origin, or historical practices connected to these issues.

Key Provisions

The bill outlines several important provisions:

1. Short Title

   The Act is titled the "No Bailouts for Reparations Act."

2. Prohibition on Federal Assistance

   The United States government, along with the Federal Reserve System and independent agencies, is not allowed to provide any form of financial assistance—such as loans, grants, or any other financial aid—to state or local governments that enact laws establishing reparations programs based on:

   • Slavery
   • Race, ethnicity, national origin, or historical practices related to these factors

3. Scope of the Prohibition

   This prohibition applies specifically to the government entity that enacts the reparations program, meaning that if a state or locality enacts such a law, only that unit of government would be affected by the prohibition on receiving federal funds.

4. Definition of State

   The term "State" for the purposes of this Act includes:

   • Any U.S. State
   • The District of Columbia
   • The Commonwealth of Puerto Rico
   • The Virgin Islands
   • American Samoa
   • Guam
   • The Northern Mariana Islands
   • Any other territory or possession of the United States

Implications

If this bill is enacted, it would have significant implications for state and local governments considering or already implementing reparations programs. By prohibiting federal financial assistance to these entities, it may affect their fiscal capabilities and overall economic health.

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