Bill Sponsor
House Bill 6413
116th Congress(2019-2020)
Coronavirus Credit Lapse Forgiveness Act
Introduced
Introduced
Introduced in House on Mar 27, 2020
Overview
Text
Introduced
Mar 27, 2020
Latest Action
Mar 27, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6413
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
North Carolina
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Coronavirus Credit Lapse Forgiveness Act

This bill generally prohibits credit reporting agencies from reporting adverse information regarding debt (1) arising from a COVID-19 (i.e., coronavirus disease 2019) related illness, and (2) incurred within one year of enactment of this bill. This prohibition applies to debt incurred by individuals earning less than $50,000 a year, or a married couple filing jointly earning less than $75,000 a year.

Text (1)
March 27, 2020
Actions (2)
03/27/2020
Referred to the House Committee on Financial Services.
03/27/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:15:26 PM