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Proposal:Coronavirus Credit Lapse Forgiveness Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 6413
Type of Legislation House Bill
Congress 116
Source View original on Congress.gov
Geographic Scope
National

Description

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.

Bill Title

Coronavirus Credit Lapse Forgiveness Act

Linked Goals

Steps

  • 2020-03-27: Referred to the House Committee on Financial Services.
  • 2020-03-27: Introduced in House
  • 2020-03-27: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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