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H.R. 6550

BillFederalHouseIn Committee
Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020
About This Bill
Committee
Latest Action · April 17, 2020
Referred to the House Committee on Financial Services.
Congress
116th (2019–2021)
Introduced
April 17, 2020
Cosponsors (31)
25D 6R
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Summary

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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.

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