Small Business-Community Banker COVID–19 Relief Act of 2020
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Small Business-Community Banker COVID-19 Relief Act of 2020
This bill allows a depository institution to delay compliance with specified accounting standards when modifying a loan for a small business affected by COVID-19 (i.e., coronavirus disease 2019) in a troubled debt restructuring. A depository institution is not required to comply with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards) if it has been substantially affected by COVID-19.
Referred to the Committee on Financial Services, and in addition to the Committee on 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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 6385: Small Business-Community Banker COVID–19 Relief Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6385/
"H.R. 6385: Small Business-Community Banker COVID–19 Relief Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6385/.
H.R. 6385, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6385/.
[H.R. 6385: Small Business-Community Banker COVID–19 Relief Act of 2020](https://openamerica.io/bill/116-HR-6385/)