New House Stimulus Bill Absent Any Collections or Repossession Moratoriums

Absent Any Repossession, Foreclosure and Collections References Except Federal

Washington, DC – 12 May 2020 – Today, House Speaker Nancy Pelosi unveiled Democrats’ proposal for the next phase of coronavirus relief legislation, releasing a massive $3T legislative package titled “The Heroes Act” that Democrats hope to bring to a vote as early as Friday. Absent from this stimulus bill is any of the moratoriums of collections and repossession from either the Waters Bill H.R. 6379, or the Sherrod Bill senate bill S. 3565, would have created and the repossession and collections industry had feared would be attached to it.