The bill, known as the “Complete COVID Collections Act,” aims to prevent the suspension of collecting repayments on loans given to small businesses during COVID-19. It defines key terms related to loan programs and funding provided for COVID-19 relief, extends the authority of the Special...
Simple Explanation
The "Complete COVID Collections Act" is a plan that stops people from being able to pause their payments on loans given to small businesses during the COVID-19 pandemic, and it also wants to make sure that any money wrongly taken goes back to help pay off the country’s debt.