H.R. 6423 · 116th Congress
To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other…
Full title
To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LawsonSponsor3 cosponsors · 3 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill places restrictions on the collection of debt owed by a consumer, nonprofit organization, or small business during the COVID-19 (i.e., coronavirus disease 2019) emergency period and the following 120 days. Among other things, debt collectors may not during this period
What it does: CRS summary · Introduced in House · Mar 31, 2020
This bill places restrictions on the collection of debt owed by a consumer, nonprofit organization, or small business during the COVID-19 (i.e., coronavirus disease 2019) emergency period and the following 120 days. Among other things, debt collectors may not during this period
- charge fees or apply a higher interest rate as a result of nonpayment,
- commence or continue litigation to collect a debt,
- enforce a security interest through a repossession or foreclosure,
- report past due debt to a credit reporting agency,
- seize assets, or
- terminate utility service.
The bill also prohibits during this period a confession of judgment or similar agreement as a condition to a loan or extension of credit. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.
Latest action (Mar 31, 2020): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 31, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.