A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.
USA116th CongressS-5078| Senate
| Updated: 12/21/2020
Bill Cassidy
Republican Senator
Louisiana
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill revises the applicable period during which a financial institution may suspend loan modification requirements as applied to a troubled debt restructuring. Currently, this period ends on the earliest of December 31, 2020, or the date that is 60 days after the termination of the COVID-19 (i.e., coronavirus disease 2019) national emergency. The bill revises this period to end on the earliest of January 1, 2022, or the date that is 60 days after the termination of the COVID-19 national emergency.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Accounting and auditingBanking and financial institutions regulationCardiovascular and respiratory healthCredit and credit marketsEmergency medical services and trauma careInfectious and parasitic diseases
A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.
USA116th CongressS-5078| Senate
| Updated: 12/21/2020
This bill revises the applicable period during which a financial institution may suspend loan modification requirements as applied to a troubled debt restructuring. Currently, this period ends on the earliest of December 31, 2020, or the date that is 60 days after the termination of the COVID-19 (i.e., coronavirus disease 2019) national emergency. The bill revises this period to end on the earliest of January 1, 2022, or the date that is 60 days after the termination of the COVID-19 national emergency.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill Cassidy
Republican Senator
Louisiana
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingBanking and financial institutions regulationCardiovascular and respiratory healthCredit and credit marketsEmergency medical services and trauma careInfectious and parasitic diseases