Summary: H.R.6550 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6550. Bill summaries are authored by CRS.

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Introduced in House (04/17/2020)

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.