S 3565
116th Congress
Senate
Finance and Financial Sector
Bankruptcy
Cardiovascular and respiratory health
Civil actions and liability
Constitution and constitutional amendments
Consumer credit
Debt collection
Disaster relief and insurance
Emergency medical services and trauma care
Infectious and parasitic diseases
Interest, dividends, interest rates
Public utilities and utility rates
Small business
Small Business and Consumer Debt Collection Emergency Relief Act of 2020
Introduced: March 22, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 22, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 22, 2020
Introduced in Senate
Plain-English summary
Small Business and Consumer Debt Collection Emergency Relief Act of 2020
This bill places restrictions on the collection of consumer and small business debts during a major disaster or emergency, including 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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1