Skip to main content
S 4586 116th Congress Senate Finance and Financial Sector Cardiovascular and respiratory health Congressional oversight Credit and credit markets Emergency medical services and trauma care Financial services and investments Government information and archives Government studies and investigations Infectious and parasitic diseases Securities Small business

Access to Emergency Credit Facilities Act of 2020

Introduced: September 16, 2020 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov
Sign in to write a letter Sign in to watch
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
Sep 16, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 16, 2020
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Access to Emergency Credit Facilities Act of 2020

This bill provides for the treatment under existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs of nationally recognized statistical rating organizations, retroactive to March 15, 2020. Specifically, the bill prohibits the requirement of a credit rating from a specific organization to qualify for these aid programs. Furthermore, a credit rating from an organization approved by the Securities and Exchange Commission must be accepted to qualify for these aid programs.

Additionally, the Government Accountability Office must report on the quality of credit ratings issued by these organizations, their effect on access to capital markets, and the implementation of this bill.

What's happening now September 16, 2020

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4586: Access to Emergency Credit Facilities Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4586/
MLA
"S. 4586: Access to Emergency Credit Facilities Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4586/.
Bluebook (legal)
S. 4586, 116th Cong. (2026), https://openamerica.io/bill/116-S-4586/.
Markdown link
[S. 4586: Access to Emergency Credit Facilities Act of 2020](https://openamerica.io/bill/116-S-4586/)
Report a problem