US HB6550 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 26-5)
Status: Introduced on April 17 2020 - 25% progression
Action: 2020-04-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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.

Tracking Information

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Title

Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2020

Sponsors


History

DateChamberAction
2020-04-17HouseReferred to the House Committee on Financial Services.
2020-04-17HouseIntroduced in House

Same As/Similar To

SB3676 (Related) 2020-05-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


Bill Comments

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