HR 6550 · 116th Congress · Finance and Financial Sector

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

Introduced 2020-04-17· Sponsored by Rep. Sherman, Brad [D-CA-30]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (20)

14 Democrats6 Republicans
Rep. Young, Don [R-AK-At Large]AK
Rep. Bonamici, Suzanne [D-OR-1]OR
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Napolitano, Grace F. [D-CA-32]CA
Rep. Gonzalez, Vicente [D-TX-15]TX
Rep. Cook, Paul [R-CA-8]CA
Rep. Hayes, Jahana [D-CT-5]CT
Rep. Finkenauer, Abby [D-IA-1]IA
Rep. Brownley, Julia [D-CA-26]CA
Rep. Huffman, Jared [D-CA-2]CA
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Demings, Val Butler [D-FL-10]FL
Rep. Garamendi, John [D-CA-3]CA
Rep. LaMalfa, Doug [R-CA-1]CA
Rep. Van Drew, Jefferson [R-NJ-2]NJ
Rep. Ruiz, Raul [D-CA-36]CA
Rep. Brown, Anthony G. [D-MD-4]MD
Rep. Calvert, Ken [R-CA-42]CA
Rep. Pocan, Mark [D-WI-2]WI