S. 473, COVID–19 Bankruptcy Relief Extension Act of 2021
Summary
Senate bill 473, the COVID–19 Bankruptcy Relief Extension Act of 2021, is a bill to amend the CARES Act to extend the sunset for the definition of a small business debtor, and for other purposes. Durbin introduced it with Grassley on February 25, 2021, and it was read twice and referred to the Committee on the Judiciary. Section 2 amends section 1113 of the CARES Act by striking 1 year and inserting 2 years in subsections (a)(5) and (b)(2)(B). It also amends section 1001 of division FF of the Consolidated Appropriations Act, 2021, to insert March 27, 2022, in place of the date that is 1 year after the date of enactment.
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Cite this document
“S. 473, COVID–19 Bankruptcy Relief Extension Act of 2021.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-117s473is-bills-117s473is/
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II
117TH CONGRESS
1ST SESSION
S. 473
To amend the CARES Act to extend the sunset for the definition of a
small business debtor, and for other purposes.
IN THE SENATE OF THE UNITED STATES
FEBRUARY 25, 2021
Mr. DURBIN (for himself and Mr. GRASSLEY) introduced the following bill;
which was read twice and referred to the Committee on the Judiciary
A BILL
To amend the CARES Act to extend the sunset for the
definition of a small business debtor, and for other purposes.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘COVID–19 Bank-
5 ruptcy Relief Extension Act of 2021’’.
6 SEC. 2. EXTENSIONS.
7 (a) IN GENERAL.—Section 1113 of the CARES Act
8 (Public Law 116–136) is amended—
pamtmann on DSKBC07HB2PROD with BILLS
9 (1) in subsection (a)(5) (11 U.S.C. 1182 note),
10 by striking ‘‘1 year’’ and inserting ‘‘2 years’’; and
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2
1 (2) in subsection (b)(2)(B) (11 U.S.C. 101
2 note), by striking ‘‘1 year’’ and inserting ‘‘2 years’’.
3 (b) MODIFICATION OF PLAN AFTER CONFIRMA-
4 TION.—
5 (1) Section 1329(d)(1) of title 11, United
6 States Code, is amended, in the matter preceding
7 subparagraph (A), by striking ‘‘this subsection’’ and
8 inserting ‘‘the COVID–19 Bankruptcy Relief Exten-
9 sion Act of 2021’’.
10 (2) Section 1113(b)(1)(D)(ii) of the CARES
11 Act (11 U.S.C. 1329 note) is amended by striking
12 ‘‘this Act’’ and inserting ‘‘the COVID–19 Bank-
13 ruptcy Relief Extension Act of 2021’’.
14 (c) BANKRUPTCY RELIEF.—Section 1001 of division
15 FF of the Consolidated Appropriations Act, 2021 (Public
16 Law 116–260) is amended by striking ‘‘the date that is
17 1 year after the date of enactment of this Act’’ each place
18 the term appears and inserting ‘‘March 27, 2022’’.
Æ
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•S 473 IS
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