Code · BILL · 116th Congress · H.R. 6549 (Introduced in House) — To prevent the acceleration of the due date of business loans during the COVID–19 national emergency, and for other p... · Sec. 4

Sec. 4. Trustees not required to enforce loan covenants

65 words·~1 min read·/bill/116/hr/6549/ih/section-4

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From the date of enactment until the date two years after the termination of the national emergency declared by the President on March 13, 2020, under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) no trustee or other person with a fiduciary duty to the holders of any debt security shall be liable for any decision made not to enforce a loan covenant.

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U.S. Code

Termination of existing declared emergencies
§ 1601

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Sec. 4

Trustees not required to enforce loan covenants

U.S.C.§ 1601

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