0
0

Relief for Small Businesses and Nonprofits Act

2/8/2022, 11:17 PM

Congressional Summary of HR 6361

Relief for Small Businesses and Nonprofits Act

This bill places restrictions on the collection of debts owed by small businesses and nonprofit organizations during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Among other things, debt collectors may not during such a period

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

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

Violations of these provisions are subject to civil enforcement.

The Federal Reserve Board must establish a facility to compensate loan holders for losses caused by the suspension of payments.

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill HR 6361

Bill HR 6361 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6361 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6361's most recent activity was Referred to the House Committee on Financial Services. as of March 23, 2020

Bipartisan Support of Bill HR 6361

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6361

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Alternative dispute resolution, mediation, arbitration
- Bank accounts, deposits, capital
- Cardiovascular and respiratory health
- Civil actions and liability
- Debt collection
- Emergency medical services and trauma care
- Executive agency funding and structure
- Federal Reserve System
- Foreign language and bilingual programs
- Infectious and parasitic diseases
- Interest, dividends, interest rates
- Landlord and tenant
- Postal service
- Public utilities and utility rates
- Small business
- Social work, volunteer service, charitable organizations
- Tax-exempt organizations
- Telephone and wireless communication
- Wages and earnings

Alternate Title(s) of Bill HR 6361

Relief for Small Businesses and Nonprofits Act
To provide loan and obligation payment relief for small businesses and nonprofits affected by the COVID-19 emergency, and for other purposes.
Relief for Small Businesses and Nonprofits Act

Comments

Sponsors and Cosponsors of HR 6361

Maxine Waters
Maxine Waters
CaliforniaDemocrat

Latest Bills

Providing for consideration of the bill (S. 1383) to establish the Veterans Advisory Committee on Equal Access, and for other purposes; providing for consideration of the bill (H.R. 2189) to modernize Federal firearms laws to account for advancements in technology and less-than-lethal weapons, and for other purposes; providing for consideration of the bill (H.R. 261) to amend the National Marine Sanctuaries Act to prohibit requiring an authorization for the installation, continued presence, operation, maintenance, repair, or recovery of undersea fiber optic cables in a national marine sanctuary if such activities have previously been authorized by a Federal or State agency; providing for consideration of the bill (H.R. 3617) to amend the Department of Energy Organization Act to secure the supply of critical energy resources, including critical minerals and other materials, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.
Bill HRES 1057February 12, 2026
Securing America’s Critical Minerals Supply Act
Bill HR 3617February 12, 2026
Veterans Accessibility Advisory Committee Act of 2025
Bill S 1383February 12, 2026
Law-Enforcement Innovate to De-Escalate Act
Bill HR 2189February 12, 2026
To amend the National Marine Sanctuaries Act to prohibit the Secretary of Commerce from prohibiting, or requiring any permit or other authorization for, the installation, continued presence, operation, maintenance, repair, or recovery of undersea fiber optic cables in a national marine sanctuary if such activities have been authorized by a Federal or State agency
Bill HR 261February 12, 2026
Defending American Property Abroad Act of 2026
Bill HR 7084February 12, 2026
A resolution condemning the Government of Iran for its suppression of the right of Iranians to peacefully assemble.
Bill SRES 606February 12, 2026
A resolution denouncing statements by President Donald J. Trump that he may "nationalize," commandeer, or otherwise assume direct control over elections.
Bill SRES 605February 12, 2026
A resolution recognizing that it is the duty of the Federal Government to develop and implement a Transgender Bill of Rights to protect and codify the rights of transgender and nonbinary people under the law and ensure their access to medical care, shelter, safety, and economic security.
Bill SRES 604February 12, 2026
A bill to amend the Internal Revenue Code of 1986 to modify the rules relating to inverted corporations.
Bill S 3847February 12, 2026
Workforce Emergency Response Act of 2020
Bill HR 6379February 8, 2022
Relief for Consumers During COVID–19 Act of 2020
Bill HR 6332February 8, 2022
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Bill HR 6321February 8, 2022