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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

Relief for Small Businesses and Nonprofits Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To provide loan and obligation payment relief for small businesses and nonprofits affected by the COVID-19 emergency, and for other purposes.

Actions Overview (1)

Date Actions Overview
03/23/2020Introduced in House

All Actions (2)

Date All Actions
03/23/2020Referred to the House Committee on Financial Services.
Action By: House of Representatives
03/23/2020Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Waters, Maxine [D-CA-43] 05/05/2020
Rep. Lowenthal, Alan S. [D-CA-47] 05/08/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services03/23/2020 Referred to

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Latest Summary (1)

There is one summary for H.R.6361. View summaries

Shown Here:
Introduced in House (03/23/2020)

Relief for Small Businesses and Nonprofits Act

This bill places restrictions on the collection of debts owed by small businesses and nonprofit organizations 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 loan holders for losses caused by the suspension of payments.