US HR6332

Bill

Relief for Consumers During COVID–19 Act of 2020

Introduced
03/23/2020

In Committee
03/23/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To suspend payments on certain consumer loans during the COVID-19 emergency, and for other purposes. This bill places restrictions on the collection of consumer debts during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Among other things, debt collectors may not during such a period enforce a security interest through a repossession or foreclosure, commence or continue litigation to collect a debt, terminate utility service, seize assets, commence or continue an eviction, or charge fees or apply a higher interest rate as a result of nonpayment. After such a period, debt collectors must provide certain repayment options including extending the repayment period for debts. Violations of these provisions are subject to civil enforcement. The Federal Reserve Board must establish a facility to compensate financial institutions for losses caused by the suspension of payments.

AI Summary

This bill places restrictions on the collection of consumer debts during the COVID-19 emergency period. It prohibits debt collectors from taking certain actions, such as enforcing security interests, commencing or continuing litigation, terminating utility services, or charging fees or higher interest rates due to nonpayment. After the emergency period, debt collectors must provide repayment options, including extending the repayment period. Violations of these provisions are subject to civil enforcement. The Federal Reserve Board must establish a facility to compensate financial institutions for losses caused by the suspension of payments.

Committee Categories

Business and Industry

Sponsors (2)

Joyce Beatty (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/6332/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6332/all-info
BillText	https://www.congress.gov/116/bills/hr6332/BILLS-116hr6332ih.pdf
Bill	https://www.congress.gov/116/bills/hr6332/BILLS-116hr6332ih.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
HR6361	Relief for Small Businesses and Nonprofits Act	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 > HR6332

US HR6332

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary