Relief for Small Businesses and Nonprofits Act
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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.
Referred to the House Committee on Financial Services.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 6361: Relief for Small Businesses and Nonprofits Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6361/
"H.R. 6361: Relief for Small Businesses and Nonprofits Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6361/.
H.R. 6361, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6361/.
[H.R. 6361: Relief for Small Businesses and Nonprofits Act](https://openamerica.io/bill/116-HR-6361/)