S. 5078 · 116th Congress
A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
CassidySponsor3 cosponsors · 2 D, 1 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.
Latest action (Dec 21, 2020): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 21, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.