Ceasing Undeserved Relief Benefits for Debt Collectors Act for 2021

Bill: 117-s-1430
Sponsor: full_name: Sen. Heinrich, Martin [D-NM]
Introduced: 2021-04-28
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Civil actions and liability

Debt collection

Emergency medical services and trauma care

Government lending and loan guarantees

Infectious and parasitic diseases

Small business

Wages and earnings
Latest action: action_date: 2021-04-28
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2021-04-28
action_desc: Introduced in Senate
text: <p><b>Ceasing Undeserved Relief Benefits for Debt Collectors Act for 2021 or the CURB Debt Collectors Act</b></p> <p>This bill makes debt collectors that have violated certain debt collection laws ineligible to receive loans under the Paycheck Protection Program established to support small business in response to COVID-19.</p>

tv_txt: II 117th CONGRESS 1st Session S. 1430 IN THE SENATE OF THE UNITED STATES April 28, 2021 Mr. Heinrich (for himself, Mr. Wyden , and Mr. Luján ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Act to prevent predatory debt collectors from receiving paycheck protection program loans, and for other purposes.

1. Short title This Act may be cited as the Ceasing Undeserved Relief Benefits for Debt Collectors Act for 2021 or the CURB Debt Collectors Act . 2. Debt collectors ineligible for paycheck protection program loans (a) In general Section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) is amended— (1) in paragraph (36), by adding at the end the following: (W) Debt collectors ineligible An individual or entity shall be ineligible to receive a covered loan if— (i) the individual or entity is a debt collector, as defined in section 803 of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692a ); (ii) the individual or entity has been found to have violated of any provision of the Fair Debt Collection Practices Act ( 15 U.S.C. 1692 et seq.) pursuant to— (I) an adjudication by a Federal agency or an action brought in a court of competent jurisdiction if the adjudication or action constitutes an exercise of enforcement authority under section 814 of such Act ( 15 U.S.C. 1692l ); or (II) any other action brought in a court of competent jurisdiction; (iii) the adjudication or action described in clause (ii) was not resolved by a settlement agreement or consent decree that remains in effect as of the date on which the individual or entity applies for the covered loan if the adjudication or action was brought by a Federal agency; and (iv) a final order or final judgment against the individual or entity pursuant to an adjudication or action described in clause (ii), as appropriate— (I) is issued or entered, as appropriate, during the 10-year period ending on the date on which the individual or entity applies for the covered loan; (II) has not been overturned; and (III) is no longer subject to appeal. ; and (2) in paragraph (37)(A)(iv)(III)— (A) in item (dd), by striking or at the end; (B) in item (ee), by striking ; and and inserting ; or ; and (C) by adding at the end the following: (ff) an individual or entity that, under subparagraph (W) of paragraph (36), is ineligible for a covered loan under such paragraph; and . (b) Applicability The amendments made by subsection (a) shall not apply with respect to any loan made prior to date of enactment of this Act.