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H.R. 6550 116th Congress House

Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020

Official title: To amend the Federal Credit Union Act to provide an exception from the member business loan cap for loans made to aid in the recovery from the COVID-19 emergency.

Introduced: April 17, 2020 Introduced by: Brad Sherman Democratic · California See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalCardiovascular and respiratory healthCredit and credit markets
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Disaster relief and insuranceEmergency medical services and trauma careInfectious and parasitic diseasesNational Credit Union AdministrationSmall business
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2020
Referred to the House Committee on Financial Services.
Apr 17, 2020
Introduced in House
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 Latest action April 17, 2020

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • S 3676 Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 31
All 31 Democratic 16 Republican 4
D
Fletcher, Lizzie
Texas · Aug 25, 2020
 D
Aguilar, Pete
California · May 5, 2020
 D
Correa, J. Luis
California · May 5, 2020
Eshoo, Anna
· May 5, 2020
Lowenthal, Alan
· May 5, 2020
 D
Neguse, Joe
Colorado · May 5, 2020
 D
Schiff, Adam B.
California · May 5, 2020
Schrader, Kurt
· May 5, 2020
Trone, David
· May 5, 2020
Brown, Anthony
· Apr 22, 2020
 R
Calvert, Ken
California · Apr 22, 2020
 D
Castor, Kathy
Florida · Apr 22, 2020
 D
Chu, Judy
California · Apr 22, 2020
 D
Pocan, Mark
Wisconsin · Apr 22, 2020
 D
Ruiz, Raul
California · Apr 22, 2020
 D
Bonamici, Suzanne
Oregon · Apr 17, 2020
 D
Brownley, Julia
California · Apr 17, 2020
Cook, Paul
· Apr 17, 2020
Demings, Val
· Apr 17, 2020
Finkenauer, Abby
· Apr 17, 2020
 R
Fitzpatrick, Brian K.
Pennsylvania · Apr 17, 2020
 D
Garamendi, John
California · Apr 17, 2020
 D
Gonzalez, Vicente
Texas · Apr 17, 2020
 D
Hayes, Jahana
Connecticut · Apr 17, 2020
 D
Huffman, Jared
California · Apr 17, 2020
 R
LaMalfa, Doug
California · Apr 17, 2020
Napolitano, Grace
· Apr 17, 2020
 D
Norton, Eleanor Holmes
District of Columbia · Apr 17, 2020
Pascrell, Bill
· Apr 17, 2020
 R
Van Drew, Jefferson
New Jersey · Apr 17, 2020
YOUNG, DON
· Apr 17, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6550: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6550/
MLA
"H.R. 6550: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6550/.
Bluebook (legal)
H.R. 6550, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6550/.
Markdown link
[H.R. 6550: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020](https://openamerica.io/bill/116-HR-6550/)
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