# 116-hr-6789: Access to Credit for Small Businesses Impacted by the COVID–19 Crisis Act of 2020

116-hr-6789, 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-6789
- 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-6789
- 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: 2020-05-08
- Sponsor: Rep. Sherman, Brad [D-CA-32] (D-CA)
- Cosponsors: 18
- 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 eases certain restrictions on credit unions regarding liquidity and lending. The bill extends waivers applicable to National Credit Union Administration Central Liquidity Facility membership and credit-extension restrictions through December 31, 2021. These waivers currently expire on December 31, 2020. (The National Credit Union Administration Central Liquidity Facility serves as a lender to credit unions that are experiencing certain liquidity shortfalls.) The bill also 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.

## Cosponsors (18)

- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2020-05-08T00:00:00.000Z
- Rep. Waters, Maxine [D-CA-43] (D-CA), 2020-05-08T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2020-05-08T00:00:00.000Z
- Rep. Gonzalez, Vicente [D-TX-34] (D-TX), 2020-05-08T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2020-05-08T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2020-05-08T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2020-05-08T00:00:00.000Z
- Rep. Lowenthal, Alan S. [D-CA-47] (D-CA), 2020-05-08T00:00:00.000Z
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2020-05-08T00:00:00.000Z
- Rep. Trone, David J. [D-MD-6] (D-MD), 2020-05-08T00:00:00.000Z
- WM. CLAY (D-MO), 2020-07-27T00:00:00.000Z
- Rep. Schrader, Kurt [D-OR-5] (D-OR), 2020-07-27T00:00:00.000Z
- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2020-07-27T00:00:00.000Z
- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2020-07-27T00:00:00.000Z
- Rep. Kuster, Ann M. [D-NH-2] (D-NH), 2020-07-27T00:00:00.000Z
- Rep. Bass, Karen [D-CA-37] (D-CA), 2020-09-22T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2020-09-22T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2020-10-16T00:00:00.000Z

## Related bills

- 116-hr-7092: Great American Outdoors Act
- 116-hr-2420: National Museum of the American Latino Act
- 116-hr-2382: USPS Fairness Act
- 116-hr-1570: Removing Barriers to Colorectal Cancer Screening Act of 2020
- 116-hr-1140: Rights for Transportation Security Officers Act of 2020
- 116-hr-8015: Delivering for America Act

## Sources
- [116-hr-6789 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6789)

## Related
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [116-hr-2420: National Museum of the American Latino Act](https://policyrisk.com/legislation/116-hr-2420)
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [116-hr-1570: Removing Barriers to Colorectal Cancer Screening Act of 2020](https://policyrisk.com/legislation/116-hr-1570)
- [116-hr-1140: Rights for Transportation Security Officers Act of 2020](https://policyrisk.com/legislation/116-hr-1140)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6789 (as of 2025-11-18).