H.R. 1471 · 117th Congress
Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ShermanSponsor13 cosponsors · 10 D, 3 R
R
Fitzpatrick
PA
D
Aguilar
KB
D
Bass
AC
D
Carson
AL
D
Lowenthal
EN
D
Norton
GN
D
Napolitano
JS
D
Speier
DT
D
Titus
KC
R
Calvert
DL
R
LaMalfa
LF
D
Fletcher
EC
D
Case1 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 2021
What it does: CRS summary · Introduced in House · Mar 1, 2021
Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2021
This bill temporarily provides credit unions with an exception to limits on outstanding member business loans. Specifically, a loan does not count towards this limit if (1) it is used for recovery from the COVID-19 (i.e., coronavirus disease 2019) emergency, (2) it is made by an insured credit union that has received a specified soundness rating, (3) it is made during a specified time period, and (4) it does not threaten the safety and soundness of the insured credit union.
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 2021
Latest action (Mar 1, 2021): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 1, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.