I 
116TH CONGRESS 
2D SESSION 
H. R. 6789 
To extend certain temporary credit union provisions enacted under the 
CARES Act, to include an exception for disaster area member business 
loans made by insured credit unions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2020 
Mr. SHERMAN (for himself, Mr. FITZPATRICK, Ms. WATERS, Ms. BONAMICI, 
Mr. GONZALEZ of Texas, Ms. NORTON, Mr. NEGUSE, Mr. CORREA, Mr. 
LOWENTHAL, Mr. VAN DREW, and Mr. TRONE) introduced the following 
bill; which was referred to the Committee on Financial Services 
A BILL 
To extend certain temporary credit union provisions enacted 
under the CARES Act, to include an exception for dis-
aster area member business loans made by insured credit 
unions, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Access to Credit for 
Small Businesses Impacted by the COVID–19 Crisis Act 
of 2020’’. 
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SEC. 2. TEMPORARY CREDIT UNION PROVISIONS. 
(a) TEMPORARY CREDIT UNION PROVISIONS.— 
(1) 
EXTENSION
OF
SUNSET.—Section 
4016(b)(2) of the CARES Act (12 U.S.C. 1795a 
note) is amended by striking ‘‘December 31, 2020’’ 
and inserting ‘‘December 31, 2021’’. 
(2) 
CONFORMING
AMENDMENT.—Section 
307(a)(4)(A) of the Federal Credit Union Act (12 
U.S.C. 1795f(a)(4)(A)) is amended by striking ‘‘De-
cember 31, 2020’’ and inserting ‘‘December 31, 
2021’’. 
(b) EXCEPTION FOR DISASTER AREA MEMBER BUSI-
NESS LOANS MADE BY INSURED CREDIT UNIONS.— 
(1) IN
GENERAL.—Section 107A(c)(1)(B) of 
the 
Federal 
Credit 
Union 
Act 
(12 
U.S.C. 
1757a(c)(1)(B)) is amended— 
(A) in clause (iv), by striking ‘‘or’’ at the 
end; 
(B) in clause (v), by striking the period 
and inserting ‘‘; or’’; and 
(C) by adding at the end the following: 
‘‘(vi) made by an insured credit union 
that has received a composite rating of ei-
ther 1 or 2 under the Uniform Financial 
Institutions Rating System or an equiva-
lent rating under a comparable rating sys-
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tem, the proceeds of which will be used to 
aid in the recovery from the COVID–19 
pandemic, if— 
‘‘(I) the extension of credit is 
being made during the period begin-
ning on the date of enactment of this 
clause and ending 1 year after the 
termination date of the emergency de-
clared by the President on March 13, 
2020, under section 501 of the Robert 
T. Stafford Disaster Relief and Emer-
gency Assistance Act relating to the 
Coronavirus Disease 2019 (COVID– 
19 pandemic); and 
‘‘(II) the extension of credit does 
not threaten the safety and soundness 
of the insured credit union.’’. 
(2) RULEMAKING.—Not later than the end of 
the 30-day period beginning on the date of the en-
actment of this Act, the National Credit Union Ad-
ministration Board shall issue an interim final rule 
to define— 
(A) when an extension of credit aids in the 
recovery from the COVID–19 pandemic for 
purposes of section 107A(c)(1)(B)(vi) of the 
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Federal Credit Union Act (as added by para-
graph (1)); and 
(B) when such extension of credit does not 
threaten the safety and soundness of the appli-
cable insured credit union. 
Æ 
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