H.R. 6413 · 116th Congress
Coronavirus Credit Lapse Forgiveness Act
- Stage
- In committee
- Sponsor
- Gregory Murphy
- Introduced
- 2020-03-27
- Latest action
- 2020-03-27 · Introduced in House
Summary
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.