,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fedd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ag1 #bjbj,mr4 
,meeks introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to e/abli% a      
moratorium on collection ef=ts made by  
c]ta9 l5d]s aga9/ borr[]s affect$ by    
coronavirus4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,payday & ,pr$atory     
,loans ,moratorium ,act ( #bjbj4  #b4   
,moratorium on collection ef=ts = c]ta9 
borr[]s affect$ by coronavirus  7a7     
,moratorium ,dur+ ! "o-ye> p]iod beg9n+ 
on ! date on :i* a borr[] notifies a    
cov]$ l5d] ( ! borr[] be+ affect$ by    
coronavirus1 ! cov]$ l5d] may n c>ry out
 any collection ef=ts aga9/ ! borr[] )  
respect to a loan describ$ 9 subsection 
7b74  7b7 ,loan describ$ ,a loan        
describ$ 9 ?is subsection is any ( !    
foll[+ loans3 7#a7 ,a loan ) nom9al     
int]e/ rates ( #cf p]c5t or m4  7#b7 ,a 
loan by a cov]$ l5d] describ$ 9         
subsection 7c77#c77;,b7 t does n1 or did

 n at ! "t ( issu+ ! loan1 det]m9e :e!r 
! borr[] c af=d1 :ile /ill meet+ ! basic
 liv+ exp5ses & major f9ancial          
obligations ( ! borr[]-- 7,a7 ) respect 
to payday & auto title loans t are due 9
 "o lump sum )9 "o mon? ( ! date ( su*  
issuance1 ! full paym5t ( ! total loan  
am\nt1 plus fees & f9ance *>ges2 or     
7,b7 ) respect to long]-t]m loans ) a   
balloon paym5t1 ! paym5ts = ! mon? ) !  
highe/ total paym5ts on ! loan4  7c7    
,def9itions  7#a7 ,affect$ by           
coronavirus ,! t]m affect$ by           
coronavirus means1 ) respect to a       
borr[]1 any ( ! foll[+ circum/ances3    
7,a7 ,! h\sehold income ( ! borr[] is   
r$uc$ by reason ( coronavirus disease   
#bjai 7,,covid-#ai74  7,b7 ,! borr[]    
becomes unemploy$ by reason ( su*       
disease4  7,c7 ,! borr[]1 or a memb] ( !
 h\sehold ( ! borr[]1 is hospitaliz$ by 
reason ( su* disease4  7,d7 ,! borr[]   
resides or is employ$ 9 an area cov]$ by
 an em]g5cy decl>$ by ! ,f$]al ,gov]nm5t
 or a ,/ate or local gov]nm5t z a result

 ( su* disease4  7#b7 ,collection ef=ts 
,! t]m collection ef=ts means any ( !   
foll[+ actions1 or attempt$ actions1    
made by a cov]$ l5d] 7or a collection   
ag5cy act+ on behalf ( ! cov]$ l5d]7 9  
ord] to collect am\nts ow$ to ! l5d] by 
a borr[]3 7,a7 ,contact+ ! borr[] by    
telephone1 includ+ by text message4     
7,b7 ,contact+ ! employ] ( ! borr[]4    
7,c7 ,ca%+ po/-dat$ *ecks ( ! borr[] or 
mak+ a direct )drawal f a bank acc\nt ( 
! borr[]4  7,d7 ,ent]+ into an agreem5t 
) a collections ag5cy to collect su*    
am\nts4  7,e7 ,report+ to a cr$it       
report+ ag5cy any miss$ paym5ts relat$  
to su* am\nts4  7,f7 ,any o!r ef=t n    
describ$ 9 subp>agraphs 7,a7 ?r\gh 7,e7 
to en=ce ! collection ( ! am\nts or !   
mak+ ( paym5ts relat$ to su* am\nts4    
7#c7 ,cov]$ l5d] ,! t]m cov]$ l5d] means
 any ( ! foll[+3 7,a7 ,a payday l5d]4   
7,b7 ,a l5d] :o is n a depository       
in/itution 7z def9$ "u section #c ( !   
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac77 or a ,f$]al or ,/ate  

cr$it union 7z su* t]ms are def9$ "u    
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb774