Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2021 2021-03-01 Introduced in House Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2021

This bill 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.

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