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- H.R.6550
H.R.6550: Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2020
About This Bill
- Introduced April 17, 2020
- Latest Major Action April 17, 2020
Bill Sponsor
Bill Cosponsors
31 (26 Democrats, 5 Republicans)
Bill Version
- Introduced in House - April 17, 2020
Bill Summary
Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2020 This bill temporarily provides credit unions with an exception to limits on outstanding member business loans. Specifically, for a three-year period, loans used for recovery from the COVID-19 (i.e., coronavirus disease 2019) emergency do not count towards this limit.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 17, 2020 |
Referred to the House Committee on Financial Services.
|
April 17, 2020 |
Introduced in the House by Brad Sherman (D-Calif.) |