Prevent national economic disaster from COVID-19 for all Americans with MAFDRA: Moratorium and Forbearance Debt Relief Act

J. Scott Scheel's MAFDRA
J. Scott Scheel's MAFDRA 153 Comments
598 SignaturesGoal: 50,000

Tell our Representatives that allocating TRILLIONS of dollars on short-term relief programs will only provide some relief, but to stabilize the economy during this unprecedented crisis we need proactive long-term vision. We must Legislate NOW on MAFDRA, to provide a simple, fair-to-all solution to provide an across the board moratorium on all revolving and installment debt. Any citizen that has a home or commercial mortgage, rent for business or housing, car payments, credit cards, student loans, bank loans, equipment finance etc. is covered by this multi-lateral act. This applies for every individual, organization, sole-proprietorship, institution and entity, including small businesses, America's backbone. This across the board "time-out" helps everyone equally and instantly. It will not cost trillions of dollars, which will put our nation in further debt, a debt that we and our children's children will need to pay for in future taxation. Everyone resumes their payments and principle balances within 60-180 days after the State of Emergency is lifted depending on the length of the Federally-mandated crisis mitigation plan. MAFDRAUSA.com has videos and the structure of the plan. We urge President Trump and Congress to immediately adopt MAFDRA. It is America's common sense solution!

153

Comments

See More
598

Signatures