I 118th CONGRESS 1st Session H. R. 4321 IN THE HOUSE OF REPRESENTATIVES June 23, 2023 Mr. Babin (for himself, Mr. Nehls , Mr. Jackson of Texas , Mr. Duncan , Mr. Weber of Texas , Mr. Palmer , Mr. Walberg , Mr. Owens , Mr. Higgins of Louisiana , Mr. Gosar , Mr. C. Scott Franklin of Florida , Mr. Self , Mr. LaMalfa , and Mr. Fallon ) introduced the following bill; which was referred to the Committee on Oversight and Accountability 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.