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United States · Bill · HR

H.R. 6790 (116th)

Business Borrowers Protection Act

referredUnited States· United States Congress· EN

Introduced

8 May 2020

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

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.

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Documents

3 official files

Introduced in House (text)

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Sources

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