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S. 3676 116th Congress Senate

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

Official title: A bill to extend certain temporary credit union provisions enacted under the CARES Act, to include an exception for disaster area member business loans made by… Show full official titleShow less

Official title: A bill to extend certain temporary credit union provisions enacted under the CARES Act, to include an exception for disaster area member business loans made by insured credit unions, and for other purposes.

Introduced: May 11, 2020 Introduced by: Ron Wyden Democratic · Oregon 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
May 11, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 11, 2020
Introduced in Senate
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 Latest action May 11, 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 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.

 Related & companion bills 2
  • HR 6789 Identical bill Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020
  • HR 6550 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
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APA
U.S. Congress. (2026). S. 3676: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-3676/
MLA
"S. 3676: 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-S-3676/.
Bluebook (legal)
S. 3676, 116th Cong. (2026), https://openamerica.io/bill/116-S-3676/.
Markdown link
[S. 3676: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020](https://openamerica.io/bill/116-S-3676/)
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