COVID-19 Bankruptcy Relief Extension Act of 2021 became law 19 days after introduction, with cosponsors, all Republicans
Written by the Congressional Research Service [2]. 126 words.
COVID-19 Bankruptcy Relief Extension Act of 2021 This bill extends existing provisions that provide relief to debtors in bankruptcy, including those related to the COVID-19 (i.e., coronavirus disease 2019) pandemic. These provisions (1) exclude certain COVID-19 aid payments from income for the purposes of bankruptcy, and (2) increase the debt eligibility threshold for businesses qualifying for certain types of Chapter 11 reorganization bankruptcy. Currently, these provisions expire March 27, 2021. The bill extends these provisions for one year. The bill also allows for modification of a Chapter 13 repayment plan for plans confirmed before the date of enactment of this bill if the debtor is experiencing material financial hardship due to COVID-19. Currently, such a modification is only available for plans confirmed before March 27, 2020.
- Committees
- House Judiciary Committee
- Policy area
- Law: 21 of 781 bills became law, 113th–118th (2.7%)
- Sponsor
- 4 of 141 bills enacted since 2013
- Text versions
- 6, from enrolled bill to public law · 684 words
- Subjects
- BankruptcyCardiovascular and respiratory healthDebt collectionEmergency medical services and trauma careInfectious and parasitic diseasesSmall business
- Latest action
- Mar 27, 2021: Became Public Law No: 117-5.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 1 in all.
Identical or companion · 1
- 117th S. 473 COVID–19 Bankruptcy Relief Extension Act of 2021 D · Introduced