Public Law 117-5 (March 27, 2021)
Summary
Public Law 117-5, the COVID-19 Bankruptcy Relief Extension Act of 2021, approved Mar. 27, 2021 (H.R. 1651, 135 Stat. 249), an Act to amend the CARES Act to extend the sunset for the definition of a small business debtor. Section 2 amends section 1113 of the CARES Act in subsection (a)(5) and subsection (b)(2)(B) by striking 1 year and inserting 2 years, and makes conforming changes to section 1329(d)(1) of title 11 and section 1113(b)(1)(D)(ii). Section 3 provides for determination of budgetary effects. The legislative history lists passage in the House and Senate in March 2021.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Issuer
- Congressional materials
- Document type
- Plaw Plaw 117Publ5 Plaw 117Publ5
- Case
- Plaw Plaw 117Publ5 Plaw 117Publ5
Cite this document
“Public Law 117-5 (March 27, 2021).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/plaw-plaw-117publ5-plaw-117publ5/
, SHA-256 6621b93a963107ceea1727814a5f5628f7af2c528296ba0acd1193ae534fabd7.Full text
PUBLIC LAW 117–5—MAR. 27, 2021 135 STAT. 249
Public Law 117–5
117th Congress
An Act
To amend the CARES Act to extend the sunset for the definition of a small Mar. 27, 2021
business debtor, and for other purposes. [H.R. 1651]
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled, COVID–19
Bankruptcy
SECTION 1. SHORT TITLE. Relief Extension
Act of 2021.
This Act may be cited as the ‘‘COVID–19 Bankruptcy Relief 11 USC 101 note.
Extension Act of 2021’’.
SEC. 2. EXTENSIONS.
(a) IN GENERAL.—Section 1113 of the CARES Act (Public Law
116–136) is amended—
(1) in subsection (a)(5) (11 U.S.C. 1182 note), by striking
‘‘1 year’’ and inserting ‘‘2 years’’; and
(2) in subsection (b)(2)(B) (11 U.S.C. 101 note), by striking
‘‘1 year’’ and inserting ‘‘2 years’’.
(b) MODIFICATION OF PLAN AFTER CONFIRMATION.—
(1) Section 1329(d)(1) of title 11, United States Code, is
amended, in the matter preceding subparagraph (A), by striking
‘‘this subsection’’ and inserting ‘‘the COVID–19 Bankruptcy
Relief Extension Act of 2021’’.
(2) Section 1113(b)(1)(D)(ii) of the CARES Act (11 U.S.C.
1329 note) is amended by striking ‘‘this Act’’ and inserting
‘‘the COVID–19 Bankruptcy Relief Extension Act of 2021’’.
SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.
The budgetary effects of this Act, for the purpose of complying
with the Statutory Pay-As-You-Go Act of 2010, shall be determined
by reference to the latest statement titled ‘‘Budgetary Effects of
PAYGO Legislation’’ for this Act, submitted for printing in the
Congressional Record by the Chairman of the House Budget Com-
mittee, provided that such statement has been submitted prior
to the vote on passage.
Approved March 27, 2021.
LEGISLATIVE HISTORY—H.R. 1651:
CONGRESSIONAL RECORD, Vol. 167 (2021):
Mar. 16, 17, considered and passed House.
Mar. 24, considered and passed Senate, amended.
dkrause on LAP5T8D0R2PROD with PUBLAWS
Mar. 26, House concurred in Senate amendment.
Æ
VerDate Sep 11 2014 09:31 Mar 31, 2021 Jkt 019139 PO 00005 Frm 00001 Fmt 6580 Sfmt 6580 E:\PUBLAW\PUBL005.117 PUBL005
File and source
- File
- PLAW_plaw-117publ5_plaw-117publ5.pdf
- Size
- 200,764 bytes
- SHA-256
- 6621b93a963107ceea1727814a5f5628f7af2c528296ba0acd1193ae534fabd7
- Original
- www.govinfo.gov