3.0.0 7796 2023-01-11T13:45:49Z 2023-01-11T13:45:49Z House HR 2020-07-27 116 [Congressional Record Volume 166, Number 132 (Monday, July 27, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BEATTY:H.R. 7796.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3[Page H3881]]]> hsba00 Financial Services Committee House Standing Referred to 2020-07-27T13:00:49Z The Heroes Act 116 6800 HR 2020-07-23 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS 2020-07-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-27 Introduced in House IntroReferral 1000 9 Library of Congress B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2020-07-27 True Finance and Financial Sector Alternative dispute resolution, mediation, arbitration Cardiovascular and respiratory health Consumer credit Debt collection Emergency medical services and trauma care Government lending and loan guarantees Infectious and parasitic diseases Interest, dividends, interest rates Landlord and tenant Public utilities and utility rates Wages and earnings Finance and Financial Sector 00 2020-07-27 Introduced in House 2020-12-09T20:50:41Z Consumer Relief during COVID-19 Act

This bill places restrictions on the collection of consumer debts during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days after this period. Among other things, debt collectors may not during this period

  • enforce a security interest through a repossession,
  • seize assets,
  • commence or continue an eviction,
  • terminate utility service, or
  • charge fees or apply a higher interest rate as a result of nonpayment.

After this period, debt collectors must provide certain repayment options including extending the repayment period for debts.

The bill also provides for forbearance programs established by creditors for consumers experiencing a financial hardship due to COVID-19. The Federal Reserve Board must establish a credit facility to make long-term, low-cost loans to these creditors for losses caused by any forbearance of payments.

]]> Consumer Relief during COVID–19 Act Display Title Consumer Relief during COVID–19 Act Short Title(s) as Introduced Consumer Relief during COVID–19 Act Introduced in House IH Official Title as Introduced To amend the Fair Debt Collection Practices Act to restrict collections of consumer debt during a national disaster or emergency, and for other purposes. Introduced in House IH Introduced in House 2020-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7796ih/xml/BILLS-116hr7796ih.xml 2020-07-27 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.