A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Dec 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.
What just happenedDec 21, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateDec 21, 2020
- Dec 21, 2020IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Dec 21, 2020IntroReferral10000
Introduced in Senate