COVID-19 Bankruptcy Relief Extension Act of 2021

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Public Law 117-5
by the 117th Congress of the United States

Pub.L. 117−5, 135 Stat. 249, H.R. 1651, enacted March 27, 2021

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Note: This is the original legislation as it was initially enacted. Any subsequent amendments hosted on Wikisource may be listed using What Links Here.

3594247the 117th Congress of the United States2021

117^TH UNITED STATES CONGRESS
1^ST SESSION

An Act
To amend the CARES Act to extend the sunset for the definition of a small business debtor, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “COVID-19 Bankruptcy Relief 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 Committee, provided that such statement has been submitted prior to the vote on passage.

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