Summary: H.R.6413 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6413. Bill summaries are authored by CRS.

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Introduced in House (03/27/2020)

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.