US HB6550 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 26-6)
Status: Introduced on April 17 2020 - 25% progression, died in committee
Action: 2020-04-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 17 2020 - 25% progression, died in committee
Action: 2020-04-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020
Sponsors
Rep. Brad Sherman [D-CA] | Rep. Don Young [R-AK] | Rep. Suzanne Bonamici [D-OR] | Rep. Brian Fitzpatrick [R-PA] |
Rep. Eleanor Norton [D-DC] | Rep. Grace Napolitano [D-CA] | Rep. Vicente Gonzalez [D-TX] | Rep. Paul Cook [R-CA] |
Rep. Jahana Hayes [D-CT] | Rep. Abby Finkenauer [D-IA] | Rep. Julia Brownley [D-CA] | Rep. Jared Huffman [D-CA] |
Rep. Bill Pascrell [D-NJ] | Rep. Val Demings [D-FL] | Rep. John Garamendi [D-CA] | Rep. Doug LaMalfa [R-CA] |
Rep. Jeff Van Drew [R-NJ] | Rep. Raul Ruiz [D-CA] | Rep. Anthony Brown [D-MD] | Rep. Ken Calvert [R-CA] |
Rep. Mark Pocan [D-WI] | Rep. Kathy Castor [D-FL] | Rep. Judy Chu [D-CA] | Rep. Luis Correa [D-CA] |
Rep. Joseph Neguse [D-CO] | Rep. Adam Schiff [D-CA] | Rep. Alan Lowenthal [D-CA] | Rep. Kurt Schrader [D-OR] |
Rep. Pete Aguilar [D-CA] | Rep. David Trone [D-MD] | Rep. Anna Eshoo [D-CA] | Rep. Elizabeth Fletcher [D-TX] |
History
Date | Chamber | Action |
---|---|---|
2020-04-17 | House | Referred to the House Committee on Financial Services. |
2020-04-17 | House | Introduced 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
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Cardiovascular and respiratory health
Credit and credit markets
Disaster relief and insurance
Emergency medical services and trauma care
Finance and financial sector
Infectious and parasitic diseases
National Credit Union Administration
Small business
Bank accounts, deposits, capital
Cardiovascular and respiratory health
Credit and credit markets
Disaster relief and insurance
Emergency medical services and trauma care
Finance and financial sector
Infectious and parasitic diseases
National Credit Union Administration
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/6550/all-info |
Text | https://www.congress.gov/116/bills/hr6550/BILLS-116hr6550ih.pdf |