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

United States116th CongressHR-6550House of Representatives
Updated: Apr 17, 2020

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-3676: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020

Introduced in Senate

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

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