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- H.R.7913
H.R.7913: Financial Institution Forbearance Act
About This Bill
- Introduced July 31, 2020
- Latest Major Action July 31, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - July 31, 2020
Bill Summary
Financial Institution Forbearance Act This bill extends the time period during which a financial institution may suspend certain determinations and accounting principles for loan modifications related to the COVID-19 (i.e., coronavirus disease 2019) pandemic that would otherwise be categorized as a troubled debt restructuring for reporting purposes. Specifically, the bill extends this period to March 1, 2021. Currently, this period expires on...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 31, 2020 |
Referred to the House Committee on Financial Services.
|
| July 31, 2020 |
Introduced in the House by Blaine Luetkemeyer (R-Mo.) |