US HR6361

Bill

Relief for Small Businesses and Nonprofits Act

Introduced
03/23/2020

In Committee
03/23/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To provide loan and obligation payment relief for small businesses and nonprofits affected by the COVID19 emergency, and for other purposes. 1

AI Summary

This bill, the Relief for Small Businesses and Nonprofits Act, seeks to provide loan and obligation payment relief for small businesses and nonprofits affected by the COVID-19 emergency. Key provisions include prohibiting debt collectors from taking certain actions, such as capitalizing unpaid interest or suing for nonpayment, during the COVID-19 emergency. After the emergency, debt collectors must extend repayment periods and offer reasonable and affordable repayment plans. The bill also establishes a Federal Reserve facility to make payments to holders of loans or obligations to compensate for documented financial losses caused by the required payment suspensions.

Committee Categories

Business and Industry

Sponsors (3)

Ed Perlmutter (D)*, Alan Lowenthal (D), Maxine Waters (D),

Last Action

Referred to the House Committee on Financial Services. (on 03/23/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6361/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6361/all-info
BillText	https://www.congress.gov/116/bills/hr6361/BILLS-116hr6361ih.pdf
Bill	https://www.congress.gov/116/bills/hr6361/BILLS-116hr6361ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6321	Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act	Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6332	Relief for Consumers During COVID–19 Act of 2020	Referred to the House Committee on Financial Services.	Related
HR6379	Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020	Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related

Bill > HR6361

US HR6361

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary