# 116-hr-6550: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020

116-hr-6550, Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020, is a 116th Congress bill sponsored by Rep. Sherman, Brad [D-CA-32] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6550
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6550
- Congress: 116
- Title: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-04-17
- Sponsor: Rep. Sherman, Brad [D-CA-32] (D-CA)
- Cosponsors: 31
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act of 2020 This bill temporarily provides credit unions with an exception to limits on outstanding member business loans. Specifically, for a three-year period, loans used for recovery from the COVID-19 (i.e., coronavirus disease 2019) emergency do not count towards this limit.

## Cosponsors (31)

- Rep. Young, Don [R-AK-At Large] (R-AK), 2020-04-17T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2020-04-17T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2020-04-17T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2020-04-17T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2020-04-17T00:00:00.000Z
- Rep. Gonzalez, Vicente [D-TX-34] (D-TX), 2020-04-17T00:00:00.000Z
- Rep. Cook, Paul [R-CA-8] (R-CA), 2020-04-17T00:00:00.000Z
- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2020-04-17T00:00:00.000Z
- Rep. Finkenauer, Abby [D-IA-1] (D-IA), 2020-04-17T00:00:00.000Z
- Rep. Brownley, Julia [D-CA-26] (D-CA), 2020-04-17T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2020-04-17T00:00:00.000Z
- Rep. Pascrell, Bill, Jr. [D-NJ-9] (D-NJ), 2020-04-17T00:00:00.000Z
- Rep. Demings, Val Butler [D-FL-10] (D-FL), 2020-04-17T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2020-04-17T00:00:00.000Z
- Rep. LaMalfa, Doug [R-CA-1] (R-CA), 2020-04-17T00:00:00.000Z
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2020-04-17T00:00:00.000Z
- Rep. Ruiz, Raul [D-CA-25] (D-CA), 2020-04-22T00:00:00.000Z
- Rep. Brown, Anthony G. [D-MD-4] (D-MD), 2020-04-22T00:00:00.000Z
- Rep. Calvert, Ken [R-CA-41] (R-CA), 2020-04-22T00:00:00.000Z
- Rep. Pocan, Mark [D-WI-2] (D-WI), 2020-04-22T00:00:00.000Z
- Rep. Castor, Kathy [D-FL-14] (D-FL), 2020-04-22T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2020-04-22T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2020-05-05T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2020-05-05T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2020-05-05T00:00:00.000Z
- Rep. Lowenthal, Alan S. [D-CA-47] (D-CA), 2020-05-05T00:00:00.000Z
- Rep. Schrader, Kurt [D-OR-5] (D-OR), 2020-05-05T00:00:00.000Z
- Rep. Aguilar, Pete [D-CA-33] (D-CA), 2020-05-05T00:00:00.000Z
- Rep. Trone, David J. [D-MD-6] (D-MD), 2020-05-05T00:00:00.000Z
- Rep. Eshoo, Anna G. [D-CA-16] (D-CA), 2020-05-05T00:00:00.000Z
- Rep. Fletcher, Lizzie [D-TX-7] (D-TX), 2020-08-25T00:00:00.000Z

## Related bills

- 116-hr-2382: USPS Fairness Act
- 116-hr-2420: National Museum of the American Latino Act
- 116-hr-1980: Smithsonian Women’s History Museum Act
- 116-hr-1108: Aviation Funding Stability Act of 2019
- 116-hr-1044: Fairness for High-Skilled Immigrants Act of 2020
- 116-hr-943: Never Again Education Act

## Sources
- [116-hr-6550 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6550)

## Related
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [116-hr-2420: National Museum of the American Latino Act](https://policyrisk.com/legislation/116-hr-2420)
- [116-hr-1980: Smithsonian Women’s History Museum Act](https://policyrisk.com/legislation/116-hr-1980)
- [116-hr-1108: Aviation Funding Stability Act of 2019](https://policyrisk.com/legislation/116-hr-1108)
- [116-hr-1044: Fairness for High-Skilled Immigrants Act of 2020](https://policyrisk.com/legislation/116-hr-1044)
- [116-hr-943: Never Again Education Act](https://policyrisk.com/legislation/116-hr-943)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6550 (as of 2025-11-18).