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- H.R.1471
H.R.1471: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2021
About This Bill
- Introduced March 1, 2021
- Latest Major Action March 1, 2021
Bill Sponsor
Bill Cosponsors
13 (10 Democrats, 3 Republicans)
Bill Version
- Introduced in House - March 1, 2021
Bill Summary
Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2021 This bill temporarily provides credit unions with an exception to limits on outstanding member business loans. Specifically, a loan does not count towards this limit if (1) it is used for recovery from the COVID-19 (i.e., coronavirus disease 2019) emergency, (2) it is made by an insured credit union that has received a specified soundness rating, (3) it is made...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 1, 2021 |
Referred to the House Committee on Financial Services.
|
| March 1, 2021 |
Introduced in the House by Brad Sherman (D-Calif.) |