,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcfa  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj ,mr4  
,p]lmutt] introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to provide loan & 
obligation paym5t relief = small        
bus9esses & nonpr(its affect$ by !      
,,covid-#ai em]g5cy1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,relief = ,small ,bus9esses &         
,nonpr(its ,act4  #b4 ,loan & obligation
 paym5t relief = affect$ small bus9esses
 & nonpr(its  7a7 ,9 g5]al  7#a7 ,9     
g5]al ,dur+ ! ,,covid-#ai em]g5cy1 a    
debt collector may n1 ) respect to a    
debt ( a small bus9ess or nonpr(it 7o!r 
?an debt relat$ to a f$]ally relat$     
mortgage loan7--  7,a7 capitalize unpaid
 int]e/2  7,b7 apply a high] int]e/ rate
 trigg]$ by ! nonpaym5t ( a debt to !   
debt balance2  7,c7 *>ge a fee trigg]$  
by ! nonpaym5t ( a debt2  7,d7 sue or   
?reat5 to sue = nonpaym5t ( a debt2     
7,e7 cont9ue litigation to collect a    

debt t 0 initiat$ be=e ! date ( enactm5t
 ( ?is section2  7,f7 submit or cause to
 be submitt$ a confession ( judgm5t to  
any c\rt2  7,g7 en=ce a security int]e/ 
?r\gh repossession1 limitation ( use1 or
 =eclosure2  7,h7 take or ?reat5 to take
 any action to en=ce collection1 or any 
adv]se action = nonpaym5t ( a debt1 or =
 nonappe>ance at any he>+ relat+ to a   
debt2  7,i7 comm5ce or cont9ue any      
action to cause or to seek to cause !   
collection ( a debt1 includ+ pursuant to
 a c\rt ord] issu$ be=e ! end ( !       
#abj-;day p]iod foll[+ ! end ( !        
,,covid-#ai em]g5cy1 f wages1 ,f$]al    
b5efits1 or o!r am\nts due to a small   
bus9ess or nonpr(it by way ( g>ni%m5t1  
d$uction1 (fset1 or o!r seizure2  7,j7  
cause or seek to cause ! collection ( a 
debt1 includ+ pursuant to a c\rt ord]   
issu$ be=e ! end ( ! #abj-;day p]iod    
foll[+ ! end ( ! ,,covid-#ai em]g5cy1 by
 levy+ on funds f a bank acc\nt or seiz+
 any o!r assets ( a small bus9ess or    
nonpr(it2  7,k7 comm5ce or cont9ue an   

action to evict a small bus9ess or      
nonpr(it f real or p]sonal prop]ty2 or  
7,l7 disconnect or t]m9ate s]vice f     
utility s]vice1 includ+ electricity1    
natural gas1 telecommunications or      
broadb&1 wat]1 or sew]4  7#b7 ,rule (   
con/ruction ,no?+ 9 ?is subsection may  
be con/ru$ to prohibit a small bus9ess  
or nonpr(it f volunt>ily pay+1 9 :ole or
 9 "p1 a debt4  7#c7 ,repaym5t p]iod    
,aft] ! expiration ( ! ,,covid-#ai      
em]g5cy1 ) respect to a debt describ$ "u
 p>agraph 7#a71 a debt collector--  7,a7
 may n add to ! debt balance any int]e/ 
or fee prohibit$ by p>agraph 7#a72  7,b7
 %all1 = cr$it ) a def9$ t]m or paym5t  
p]iod1 ext5d ! "t p]iod to repay ! debt 
balance by #a paym5t p]iod = ea* paym5t 
t a small bus9ess or nonpr(it miss$ dur+
 ! ,,covid-#ai em]g5cy1 ) ! paym5ts due 
9 ! same am\nts & at ! same int]vals z !
 pre-exi/+ paym5t s*$ule2  7,c7 %all1 = 
an op5 end cr$it plan 7z def9$ "u       
section #ajc ( ! ,tru? 9 ,l5d+ ,act7 or 
o!r cr$it )\t a def9$ t]m1 all[ ! small 

bus9ess or nonpr(it to repay ! debt     
balance 9 a mann] t does n exce$ !      
am\nts p]mitt$ by =mulas "u section     
#agj7;c7 ( ! ,tru? 9 ,l5d+ ,act &       
regulations promulgat$ !reund]2 &  7,d7 
%all1 :5 ! small bus9ess or nonpr(it    
notifies ! debt collector1 (f]          
reasonable & af=dable repaym5t plans1   
loan modifications1 ref9anc+1 options ) 
a reasonable "t 9 :i* to repay ! debt4  
7#d7 ,communications 9 connection ) !   
collection ( a debt  7,a7 ,9 g5]al ,dur+
 ! ,,covid-#ai em]g5cy1 )\t prior cons5t
 ( a small bus9ess or nonpr(it giv5     
directly to a debt collector dur+ !     
,,covid-#ai em]g5cy1 or ! express       
p]mission ( a c\rt ( compet5t           
jurisdiction1 a debt collector may only 
communicate 9 writ+ 9 connection ) !    
collection ( any debt 7o!r ?an debt     
relat$ to a f$]ally relat$ mortgage     
loan74  7,b7 ,requir$ disclosures  7i7  
,9 g5]al ,all writt5 communications     
describ$ "u subp>agraph 7,a7 %all in=m !
 small bus9ess or nonpr(it t !          

communication is = in=mational purposes 
& is n an attempt to collect a debt4    
7ii7 ,requirem5ts ,! disclosure requir$ 
"u clause 7i7 %all be made-- 7,i7 9 type
 or lett]+ n small] ?an #ad-po9t bold   
type2  7,,ii7 sep>ate f any o!r         
disclosure2  7,,iii7 9 a mann] design$  
to ensure t ! recipi5t sees ! disclosure
 cle>ly2  7,,iv7 9 ,engli% & ,spani% & 9
 any additional languages 9 :i* ! debt  
collector communicates1 includ+ !       
language 9 :i* ! loan 0 negotiat$1 to ! 
ext5t kn[n by ! debt collector2 &  7,v7 
may be provid$ by fir/-class mail or    
electronically1 if ! borr[] has o!rwise 
cons5t$ to electronic communication ) ! 
debt collector & has n revok$ su*       
cons5t4  7iii7 ,oral notification ,any  
oral notification %all be provid$ 9 !   
language ! debt collector o!rwise uses  
to communicate ) ! borr[]4  7iv7 ,writt5
 translations ,9 provid+ writt5         
notifications 9 languages o!r ?an       
,engli% 9 ?is section1 a debt collector 
may rely on writt5 translations develop$

 by ! ,bureau ( ,consum] ,f9ancial      
,protection4  7#e7 ,violations  7,a7 ,9 
g5]al ,any p]son :o violates ?is section
 %all be subject to civil liability 9   
accordance ) section #hac ( ! ,fair     
,debt ,collection ,practices ,act1 z if 
! p]son is a debt collector = purposes (
 t section4  7,b7 ,pr$ispute arbitration
 agreem5ts ,not)/&+ any o!r provision ( 
law1 no pr$ispute arbitration agreem5t  
or pr$ispute jo9t-action waiv] %all be  
valid or en=ceable ) respect to a       
dispute br\ght "u ?is section1 includ+ a
 dispute z to ! applicability ( ?is     
section1 :i* %all be det]m9$ "u ,f$]al  
law4  7#f7 ,toll+ ,except z provid$ 9   
p>agraph 7#g77;,d71 any applicable "t   
limitations1 includ+ /atutes (          
limitations1 relat$ to a debt "u ,f$]al 
or ,/ate law %all be toll$ dur+ !       
,,covid-#ai em]g5cy4  7#g7 ,claims (    
affect$ cr$itors & debt collectors  7,a7
 ,valuation ( prop]ty ,) respect to any 
action ass]t+ a tak+ "u ! ,fif? ,am5dm5t
 ( ! ,con/itution ( ! ,unit$ ,/ates z a 

result ( ?is section or seek+ a         
decl>atory judgm5t reg>d+ !             
con/itutionality ( ?is section1 ! value 
( ! prop]ty alleg$ to h be5 tak5 )\t j  
comp5sation %all be evaluat$--  7i7 )   
consid]ation ( ! likelihood ( full &    
timely paym5t ( ! obligation )\t !      
actions tak5 pursuant to ?is section2 & 
7ii7 )\t consid]ation ( any assi/ance   
provid$ directly or indirectly to !     
small bus9ess or nonpr(it f o!r ,f$]al1 
,/ate1 & local gov]nm5t programs        
in/itut$ or legislation enact$ 9        
response to ! ,,covid-#ai em]g5cy4  7,b7
 ,scope ( j comp5sation ,9 an action    
describ$ 9 subp>agraph 7,a71 any        
assi/ance or b5efit provid$ directly or 
indirectly to ! p]son f o!r ,f$]al1     
,/ate1 & local gov]nm5t programs        
in/itut$ 9 or legislation enact$        
response to ! ,,covid-#ai em]g5cy1 %all 
be deem$ to be comp5sation = ! prop]ty  
tak51 ev5 if su* assi/ance or b5efit is 
n specifically provid$ z comp5sation =  
prop]ty tak5 by ?is section4  7,c7      

,appeals ,any appeal f an action "u ?is 
section %all be treat$ "u section #aeh (
 title #bh1 ,unit$ ,/ates ,code1 z if x 
7 an appeal 9 a case "u title #aa1      
,unit$ ,/ates ,code4  7,d7 ,repose ,any 
action ass]t+ a tak+ "u ! ,fif? ,am5dm5t
 to ! ,con/itution ( ! ,unit$ ,/ates z a
 result ( ?is section %all be br\ght )9 
n lat] ?an #ahj days aft] ! end ( !     
,,covid-#ai em]g5cy4  7#h7 ,def9itions  
,9 ?is section3  7,a7 ,,covid-#ai       
em]g5cy ,! t]m ,,covid-#ai em]g5cy means
 ! p]iod t beg9s ^u ! date ( ! enactm5t 
( ?is ,act & ends on ! date ( !         
t]m9ation by ! ,f$]al ,em]g5cy          
,managem5t ,ag5cy ( ! em]g5cy decl>$ on 
,m>* #ac1 #bjbj1 by ! ,presid5t "u !    
,rob]t ,t4 ,/af=d ,disa/] ,relief &     
,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 
#daba et seq47 relat+ to ! ,coronavirus 
,disease #bjai 7,,covid-#ai7 p&emic4    
7,b7 ,cr$itor ,! t]m cr$itor means--    
7i7 any p]son :o (f]s or ext5ds cr$it   
creat+ a debt or to :om a debt is ow$ or
 o!r obligation = paym5t2  7ii7 any     

lessor ( real or p]sonal prop]ty2 or    
7iii7 any provid] ( utility s]vices4    
7,c7 ,debt ,! t]m debt--  7i7 means any 
obligation or alleg$ obligation-- 7,i7 =
 :i* ! orig9al agreem5t1 or if !re is no
 agreem5t1 ! orig9al obligation to pay 0
 creat$ be=e or dur+ ! ,,covid-#ai      
em]g5cy1 :e!r or n su* obligation has   
be5 r$uc$ to judgm5t2 &  7,,ii7 t arises
 out ( a transaction ) a small bus9ess  
or nonpr(it2 &  7ii7 does n include a   
f$]ally relat$ mortgage loan4  7,d7     
,debt collector ,! t]m debt collector   
means a cr$itor1 & any p]son or entity t
 engages 9 ! collection ( debt1 includ+ 
! ,f$]al ,gov]nm5t & a ,/ate gov]nm5t1  
irrespective ( :e!r ! debt is alleg$ly  
ow$ to or assign$ to t p]son or to !    
entity4  7,e7 ,f$]ally relat$ mortgage  
loan ,! t]m f$]ally relat$ mortgage loan
 has ! mean+ giv5 t t]m "u section #c ( 
! ,real ,e/ate ,settlem5t ,proc$ures    
,act ( #aigd 7#ab ,u4,s4,c4 #bfjb74     
7,f7 ,nonpr(it ,! t]m nonpr(it means an 
organization describ$ 9 section         

#eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf & exempt f taxation "u section  
#eja7;a7 ( su* ,code4  7,g7 ,small      
bus9ess ,! t]m small bus9ess has ! mean+
 giv5 ! t]m small bus9ess conc]n "u     
section #c ( ! ,small ,bus9ess ,act4    
7b7 ,cr$it facility = o!r purposes ,!   
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em %all e/abli% a facility t ! ,bo>d
 ( ,gov]nors %all use to make paym5ts to
 hold]s ( loans or obligations to       
comp5sate su* hold]s = docum5t$ f9ancial
 losses-- 7#a7 ) respect to a loan or   
obligation made to an individual1 small 
bus9ess1 or nonpr(it2 &  7#b7 :]e su*   
losses 7 caus$ by a susp5sion ( paym5ts 
requir$ "u ,f$]al law 9 connection ) !  
,,covid-#ai em]g5cy4