HR 6413 · 116th Congress · Finance and Financial Sector

Coronavirus Credit Lapse Forgiveness Act

Introduced 2020-03-27· Sponsored by Rep. Murphy, Gregory [R-NC-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-03-27)

Plain Language Summary

[AI summary unavailable — showing source text] Coronavirus Credit Lapse Forgiveness Act This bill generally prohibits credit reporting agencies from reporting adverse information regarding debt (1) arising from a COVID-19 (i.e., coronavirus disease 2019) related illness, and (2) incurred within one year of enactment of this bill. This prohibition applies to debt incurred by individuals earning less than $50,000 a year, or a married couple filing jointly earning less than $75,000 a year.…

Summarized by Claude AI · Non-partisan · For informational purposes only