3.0.0 6790 2023-01-11T13:42:57Z 2023-01-11T13:42:57Z House HR 2020-05-08 116 [Congressional Record Volume 166, Number 87 (Friday, May 8, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SHERMAN:H.R. 6790.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clauses 1 and 18 of the United StatesConstitution.[Page H1987]]]> hsba00 Financial Services Committee House Standing Referred to 2020-05-08T14:05:10Z 2020-05-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-05-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-08 Introduced in House IntroReferral 1000 9 Library of Congress S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2020-05-08 True Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Cardiovascular and respiratory health Credit and credit markets Department of the Treasury Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Small business Finance and Financial Sector 00 2020-05-08 Introduced in House 2020-10-29T15:20:47Z Business Borrowers Protection Act

This bill prohibits a creditor from enforcing a loan covenant that requires the accelerated repayment of a loan if the borrower receives a loan under certain COVID-19 (i.e., coronavirus disease 2019) economic aid programs. Additionally, a creditor is prohibited from enforcing any loan covenant beginning on the date of enactment of this bill and ending one year after the termination of the COVID-19 national emergency.

]]> Business Borrowers Protection Act Display Title Business Borrowers Protection Act Official Title as Introduced To prohibit the enforcement of certain loan covenants during the COVID-19 national emergency, and for other purposes. Introduced in House IH Short Title(s) as Introduced Business Borrowers Protection Act Introduced in House IH Introduced in House 2020-05-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6790ih/xml/BILLS-116hr6790ih.xml 2020-05-08 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.