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

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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 ShermanSponsor

31 cosponsors · 25 D, 6 R

16 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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

What it does: CRS summary · 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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

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

Latest action (Apr 17, 2020): Referred to the House Committee on Financial Services.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 17, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.