Bill116th CongressFiled Apr 17, 2020Finance and Financial Sector
H.R. 6550
Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020
Bill journey · stage 2 of 5
Under committee review
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 17, 2020)
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.
What just happenedApr 17, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Sherman, Brad [D-CA-30](D-CA)Sponsor
31 cosponsors25 D6 R
31cosponsors1committees3actions1related bills9subjects
- Introduced in HouseApr 17, 2020
- Apr 17, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 17, 2020IntroReferralIntro-H
Introduced in House
- Apr 17, 2020IntroReferral1000
Introduced in House