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HR 6789 116th Congress House Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Cardiovascular and respiratory health Credit and credit markets Disaster relief and insurance Emergency medical services and trauma care Infectious and parasitic diseases National Credit Union Administration Small business

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

Introduced: July 27, 2020 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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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
May 8, 2020
Referred to the House Committee on Financial Services.
May 8, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

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

This bill eases certain restrictions on credit unions regarding liquidity and lending.

The bill extends waivers applicable to National Credit Union Administration Central Liquidity Facility membership and credit-extension restrictions through December 31, 2021. These waivers currently expire on December 31, 2020. (The National Credit Union Administration Central Liquidity Facility serves as a lender to credit unions that are experiencing certain liquidity shortfalls.)

The bill also temporarily provides credit unions with an exception to limits on outstanding member business loans. Specifically, a loan does not count towards this limit if (1) it is used for recovery from the COVID-19 (i.e., coronavirus disease 2019) emergency, (2) it is made by an insured credit union that has received a specified soundness rating, (3) it is made during a specified time period, and (4) it does not threaten the safety and soundness of the insured credit union.

What's happening now May 8, 2020

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 3676 Identical bill 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 18
All 18 Democratic 9 Republican 2
D
Slotkin, Elissa
Michigan · Oct 16, 2020
Bass, Karen
· Sep 22, 2020
 D
Chu, Judy
California · Sep 22, 2020
Blumenauer, Earl
· Jul 27, 2020
CLAY, WM.
· Jul 27, 2020
 D
Hayes, Jahana
Connecticut · Jul 27, 2020
Kuster, Ann
· Jul 27, 2020
Schrader, Kurt
· Jul 27, 2020
 D
Bonamici, Suzanne
Oregon · May 8, 2020
 D
Correa, J. Luis
California · May 8, 2020
 R
Fitzpatrick, Brian K.
Pennsylvania · May 8, 2020
 D
Gonzalez, Vicente
Texas · May 8, 2020
Lowenthal, Alan
· May 8, 2020
 D
Neguse, Joe
Colorado · May 8, 2020
 D
Norton, Eleanor Holmes
District of Columbia · May 8, 2020
Trone, David
· May 8, 2020
 R
Van Drew, Jefferson
New Jersey · May 8, 2020
 D
Waters, Maxine
California · May 8, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6789: 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-6789/
MLA
"H.R. 6789: 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-6789/.
Bluebook (legal)
H.R. 6789, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6789/.
Markdown link
[H.R. 6789: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020](https://openamerica.io/bill/116-HR-6789/)
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