United States · Bill · HR
H.R. 1471 (117th)
Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2021
Introduced
1 March 2021
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
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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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 1 March 2021
Introduced in House (PDF)
Introduced in House · EN · 1 March 2021
Introduced in House
summary · EN · 1 March 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/1471
- Open data entity: https://api.congress.gov/v3/bill/117/hr/1471