H.R. 6423: To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.

116th Congress · introduced 2020-03-31 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

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Follow this bill, step by step

Where it came from: introduced 2020-03-31 · official record
Who proposed it: Rep. Lawson, Al, Jr. [D-FL-5] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.

Plain summary

This bill places restrictions on the collection of debt owed by a consumer, nonprofit organization, or small business during the COVID-19 (i.e., coronavirus disease 2019) emergency period and the following 120 days. Among other things, debt collectors may not during this period charge fees or apply a higher interest rate as a result of nonpayment, commence or continue litigation to collect a debt, enforce a security interest through a repossession or foreclosure, report past due debt to a credit reporting agency, seize assets, or terminate utility service. The bill also prohibits during this period a confession of judgment or similar agreement as a condition to a loan or extension of credit. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

If it is not passed, current law stays as it is.

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What does this mean? (plain words)

Official text

To provide for a temporary debt collection moratorium during the COVID-19 emergency period, and for other purposes.

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Lawson, Al, Jr. [D-FL-5] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Maxine Waters (D-CA), Ayanna Pressley (D-MA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr6423.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr6423 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116