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- H.R.6385
H.R.6385: Small Business-Community Banker COVID-19 Relief Act of 2020
About This Bill
- Introduced March 25, 2020
- Latest Major Action March 25, 2020
Bill Sponsor
Bill Version
- Introduced in House - March 25, 2020
Bill Summary
Small Business-Community Banker COVID-19 Relief Act of 2020 This bill allows a depository institution to delay compliance with specified accounting standards when modifying a loan for a small business affected by COVID-19 (i.e., coronavirus disease 2019) in a troubled debt restructuring. A depository institution is not required to comply with certain accounting standards applicable to credit losses (i.e., current expected credit losses...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 25, 2020 |
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| March 25, 2020 |
Introduced in the House by John Curtis (R-Utah) |