The $2.5 trillion economic stimulus plan unveiled by House Speaker Nancy Pelosi (and which is 'on the 5 yard line' according to Senate Majority Leader Mitch McConnell) will have significant implications for the financial sector - forcing lenders to grant reprieves from mortgage, car, and credit card payments.

The bill would also order the Federal Reserve to provide loan servicers with enough liquidity to allow borrowers to stop paying their mortgages for up to 360 days, according to Bloomberg, which adds that "Public housing residents would get a temporary reprieve from paying rent, and student loan borrowers would have $10,000 of debt forgiven."

In addition, negative consumer credit would be halted and foreclosures and evictions would be illegal.

There are currently no plans for House members to return to Washington to vote on the bill, and the proposal appears to be a list of demands Democrats want to see included in the Senate bill. Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer spent much of Monday negotiating behind closed doors on the Senate proposal, initially introduced last week.

"Secretary Mnuchin just left my office," Schumer said on the Senate floor shortly after House Democrats introduced their bill. "We are going to work on into the night."